Nippon India Mutual Fund launches Nippon India Nifty 500 Equal Weight Index Fund

NFO period: 21^th August - 04^th September, 2024

Highlights of the NFO:

• Scheme type - An open-ended scheme replicating/tracking Nifty 500 Equal Weight Index.


• 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 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking long Term Capital Growth Investments in equity and equity related securities and portfolio replicating the composition of the Nifty 500 Equal Weight Index, subject to tracking errors.


• Minimum Application Amount - First investment is Minimum amount of Rs.1,000 and in multiples of Re.1 thereafter.


• Plan/ Options available - Direct Plan and Regular Plan having Growth & Income Distribution cum capital withdrawal Plan Option.


• Fund Managers - Mr. Himanshu


• Benchmark - Nifty 500 Equal Weight TRI.