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Nippon India Nifty Auto ETF – Nippon India Mutual Fund files offer document with SEBI

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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.

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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

Also Read : Nippon India CPSE Bond Plus SDL G Sec Index Fund – Nippon India Mutual Fund files offer document with SEBI

Name of Mutual FundNippon India Mutual Fund
Scheme NameNippon India Nifty Auto ETF
About SchemeAn open-ended scheme replicating/ tracking Nifty Auto Index
Offer of UnitRs.10
Objectiveis 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 ManageMr 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 beSecurities constituting NIFTY Auto Index (95% – 100%)

Money  Market  Instruments  including  Tri-Party  Repo  on  Government  securities or Treasury bills, cash & cash equivalents (0% -5%)
RiskometerVery High
DRHPClick here

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