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 Auto 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 | No charges for withdrawal |
| Min. SIP Amount | ₹ 100 |
| Min. LumpSum Amount | ₹ 1000 |
| Launch Date | 14th Nov 2024 |
| End Date | 28th Nov 2024 |
| Allotment Date | 4th Dec 2024 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | |
| Scheme Benchmark | NIFTY Auto TRI |
| Risk | Very High |
| Scheme Category | Other / Index Fund |
| Fund Manager | Himanshu Mange |
| AMC Name | Nippon Life India Asset Management Ltd |
| RTA | KFin Technologies Limited |
| Total AUM | ₹ 423,948.09 cr |
| Total Schemes | 68 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About Nippon Life India Asset Management Ltd.
Nippon Mutual Fund, originally Reliance Mutual Fund, was founded in June 1995 as a joint venture between Reliance Capital and Nippon Life Insurance. In October 2019, Nippon Life acquired Reliance’s stake, rebranding it as Nippon Mutual Fund. Operated by Nippon Life India Asset Management Limited (NAM India), the company is primarily owned by Reliance Capital and Nippon Life Insurance.
Nippon Mutual Fund manages Rs. 431,308 crores in assets across equity, debt, and balanced funds. It offers portfolio management, financial planning, and advisory services to individuals and institutions. In 2017, it became the first mutual fund company listed on stock exchanges.
Registered with SEBI since 1995, its vision is to create a better financial future for investors by leveraging local and global expertise.
You can explore more Mutual Funds offered by Nippon Life India Asset Management Ltd here
Happy Investing,
Saurav Parui.