Nippon India Nifty Auto ETF – Nippon India Mutual Fund files offer document with SEBI
Nippon India Mutual Fund has filed offer document with SEBI to launch An open-ended scheme replicating / tracking Nifty Auto Index.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Auto 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
The fund manager for this scheme is Mr Mehul Dama
This product is suitable for investors who are seeking Long term capital growth and Investment in equity and equity related securities and portfolios replicating the composition of Nifty Auto Index.
The scheme asset allocation will be Securities constituting NIFTY Auto Index (95% – 100%) and Money Market Instruments including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0% -5%)
The riskometer for this scheme is Very High
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| Name of Mutual Fund | Nippon India Mutual Fund |
| Scheme Name | Nippon India Nifty Auto ETF |
| About Scheme | An open-ended scheme replicating/ tracking Nifty Auto Index |
| Offer of Unit | Rs.10 |
| Objective | is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Auto 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 |
| Name of Fund Manage | Mr Mehul Dama |
| This product is suitable for investors who are seeking | Long term capital growth Investment in equity and equity related securities and portfolios replicating the composition of Nifty Auto Index, |
| The scheme asset allocation will be | Securities constituting NIFTY Auto Index (95% – 100%) Money Market Instruments including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0% -5%) |
| Riskometer | Very High |
| DRHP | Click here |