Investment Objective
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Momentum 50 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
| Fund Overview | |
|---|---|
| Exit Load | Nil |
| Min. SIP Amount | ₹ 100 |
| Min. LumpSum Amount | ₹ 1,000 |
| Launch Date | 11th Sep 2024 |
| End Date | 25th Sep 2024 |
| Allotment Date | 1st Oct 2024 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | Nil |
| Scheme Benchmark | Nifty 500 Momentum 50 TRI |
| Risk | Very High |
| Scheme Category | Other / Index |
| Fund Manager | Himanshu Mange |
| AMCs Details | |
|---|---|
| AMC Name | Nippon India Mutual Fund |
| RTA | KFin Technologies Ltd. |
| Total AUM | ₹ 4,08,993.43 Cr |
| Total Scheme | 62 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About Nippon Mutual Fund.
Nippon Mutual Fund, formerly Reliance Mutual Fund, is a leading asset management company in India, established in June 1995. Initially a joint venture between Reliance Capital and Nippon Life Insurance, it was rebranded after Nippon Life acquired Reliance’s stake in 2019.
Managed by Nippon Life India Asset Management (NAM India), it handles assets worth ₹. 431,308 crores across equity, debt, and balanced schemes.
The company offers portfolio management, Mutual Fund investment, and advisory services. Notably, Nippon became the first listed mutual fund in India in 2017 and is SEBI-registered since inception. Its vision is to create a better financial future for investors.
Happy Investing,
Saurav Parui