Nippon India Mutual Fund launches Nippon India ETF 5 Year Gilt

Mutual Fund
Mar 22, 2021 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 22nd March – 26th March, 2021

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating/tracking Nifty 5 yr Benchmark G-Sec Index

  • Investment objective – 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 5 Yr Benchmark G-Sec 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.

  • Product suitability – The product is suitable for investors who are seeking income over long term by investing in Gilt Securities replicating the composition of Nifty 5 Yr Benchmark G-Sec Index, subject to tracking errors.

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

  • Plan/ Options available – Presently the scheme does not offer any Plans/Options for investment.

  • Fund Managers – Mr. Vivek Sharma and Mr. Siddharth Deb

  • Benchmark – Nifty 5 Yr Benchmark G-Sec Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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