New index fund offer from Nippon India under equity category

Nippon India Mutual Fund
Scheme Name Nippon India Nifty 50 Value 20 Index Fund
Objective of Scheme The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Value 20 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved
Scheme Type Open Ended
Scheme Category Other Scheme – Index Funds
New Fund Launch Date 04-Feb-2021
New Fund Offer Closure Date 12-Feb-2021
Indicate Load Separately Entry Load – NIL Exit Load – NIL
Minimum Subscription Amount Rs.5,000 and in multiples of Re.1 thereafter
For Further Details Please Visit Website mf.nipponindiaim.com

 

Nippon India Mutual Fund
Scheme Name Nippon India Nifty Midcap 150 Index Fund
Objective of Scheme The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved
Scheme Type Open Ended
Scheme Category Other Scheme – Index Funds
New Fund Launch Date 04-Feb-2021
New Fund Offer Closure Date 12-Feb-2021
Indicate Load Separately Entry Load – NIL, Entry Load – NIL
Minimum Subscription Amount Rs.5,000 and in multiples of Re.1 thereafter
For Further Details Please Visit Website mf.nipponindiaim.com

Source from: www.amfiindia.com

Mutual Funds Based on Asset Class

Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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