Nippon India Nifty 500 Momentum 50 Index Fund NFO: Everything you need to know

11 Sep 2024 , 10:44 AM

Nippon India Mutual Fund is launching NFO under its “Index Fund”, named as Nippon India Nifty 500 Momentum 50 Index Fund. The open ended fund aims to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Momentum 50 Index before expenses.

Investment strategy: Nippon India Nifty 500 Momentum 50 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty 500 Momentum 50 TRI.

Asset allocation: The scheme will invest in Nifty 500 Momentum 50 Index, Equity Derivatives, cash equivalents and money market instruments.

Who should invest?

Investors with very high risk appetite should invest in the Nippon India Nifty 500 Momentum 50 Index Fund for 5 to 7 years.

Risk associated: Very high level of risk.

Benchmark: Nifty 500 Momentum 50 TRI

Fund Managers: Mr. Himanshu Mange

The NFO is available for subscription from September 11 to September 25. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹1000/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Nippon India Nifty 500 Momentum 50 Index Fund.