Nippon India Mutual Fund NFO: Nippon India Mutual Fund’s asset manager, Nippon Life India Asset Management Limited (NAM India) has launched its New Offer (NFO). The name of this new scheme is Nippon India Nifty 500 Momentum 50 Index Fund. This NFO will be open for investment from September 11 to September 25.
Invest in top performing stocks
This fund is an open-ended scheme that will track the Nifty 500 Momentum 50 Index. The goal of Nippon India Nifty 500 Momentum 50 Index Fund is to unlock India’s growth potential. Also, this innovative fund aims to generate high returns for investors by investing in the top 50 performing stocks from the Nifty 500 index.
Mutual Fund Return: 5 banking funds that compete with the stock market, money increased 5 times in 10 years, 15 to 18% annual growth in SIP
Features of Nippon India Nifty 500 Momentum 50 Index Fund
Passive Management: The investment approach of the fund is designed to replicate the performance of Nifty 500 Momentum 50 TRI.
· Diversification: The fund provides exposure to a large range of market cap stocks from the Nifty 500 index, providing diversification benefit.
Momentum Focus: The fund focuses on momentum-driven stocks, which can potentially enhance returns.
Low cost structure: In an index fund, the expense ratio is lower as compared to actively managed funds.
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What is an investment strategy
The fund is a passively managed index fund that will implement an investment strategy designed to track the performance of the Nifty 500 Momentum 50 TRI. The fund is designed to provide investors a diversified and diversified way to participate in the Indian equity market by investing in securities of the Nifty 500 Momentum 50 Index in equal proportions. The fund seeks to benefit from the performance of stocks that have shown relatively strong momentum in the recent past.
SIP winners: These 5 large cap funds top the return charts, 18 to 22% annualized return in 11 years, value of Rs 5000 SIP becomes Rs 32 lakh
Minimum investment of Rs 1000
One can invest in this NFO with a minimum amount of Rs 1000 and any amount thereafter in multiples of Rs 1. There is no lock in period in this. There is also no exit load. Nifty 500 Momentum 50 TRI is the benchmark for this.
Speaking on the launch of this NFO, Sandeep Sikka, ED and CEO, Nippon India Mutual Fund said that we are thrilled to introduce Nippon India Nifty 500 Momentum 50 Index Fund. This fund provides investors a diversified exposure to India’s growth story with a focus on top companies.
(Note: Information about NFO is given here. This is not an investment advice. There are risks in the market, so consult an advisor before investing.)
