Nippon India Mutual Fund launches Nippon India Passive Flexicap FoF

NFO period: 10^th December – 24^th December, 2020

Highlights of the NFO:

• Scheme type – An Open ended fund of funds scheme investing in units of Exchange Traded Funds (ETFs)/ Index Funds of Nippon India Mutual Fund


• Investment objective – The investment objective of the scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Nippon India Mutual Fund. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in units of ETFs/Index Funds of Nippon India Mutual Fund.


• Minimum Application Amount – First investment is Rs. 5,000/- and multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Plan with Growth Option and Dividend Plan with Dividend Payout Option and Dividend Reinvestment Option.


• Fund Managers – Mr. Mehul Dama


• Benchmark – Nifty 500 TRI