MUTUAL FUNDS
Nippon India MF introduces Multi Asset Fund
Aug-07-2020

Nippon India Mutual Fund (MF) has launched the Nippon India Multi Asset Fund, an open ended scheme investing in Equity, Debt and Exchange Traded Commodity Derivatives and Gold ETF. The NFO opens for subscription on August 07, 2020 and closes on August 21, 2020. The Entry load is nil. The Exit load will 1%, if redeemed or switched out on or before completion of 1 year from the date of allotment of units and nil thereafter. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme’s performance will be benchmarked against its performance to C 50% of S&P BSE 500, 20% of Crisil Short Term Bond Fund Index & 30% of Thomson Reuters-MCX iCOMDEX Composite Index and its fund manages are Amit Tripathi, Manish Gunwani, Ashutosh Bhargava, Vikram Dhawan, and Kinjal Desai.

The investment objective of the scheme is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF as permitted by SEBI from time to time.

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