MUTUAL FUNDS
Nippon India Mutual Fund files offer document for Nifty 500 Low Volatility 50 Index Fund
Mar-27-2025

Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Nippon India Nifty 500 Low Volatility 50 Index Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Nifty 500 Low Volatility 50 TRI. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

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 Low Volatility 50 Index before expenses, subject to tracking errors.


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