Nippon India Silver ETF Fund of Fund – Nippon India Mutual Fund files offer document with SEBI
Nippon India Mutual Fund has filed offer document with SEBI to launch An Open Ended Fund of Fund scheme investing in Nippon India BeES Silver ETF.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to provide returns that closely correspond to returns provided by Nippon India BeES Silver ETF by investing in units of Nippon India BeES Silver ETF
The fund manager for this scheme is Mr. Mehul Dama
This product is suitable for investors who are seeking Long term capital growth
Returns that are commensurate with the performance of Nippon India BeES Silver ETF through investment in securities of Nippon India BeES Silver ETF
“The scheme asset allocation will be Units of Nippon India BeES Silver ETF (95-100%)
Money Market Instruments* including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0-5%)”
The riskometer for this scheme is Moderately to High
Also Read: Nippon India BeES Silver ETF
| Name of Mutual Fund | Nippon India Mutual Fund |
| Scheme Name | Nippon India Silver ETF Fund of Fund |
| About Scheme | An Open Ended Fund of Fund scheme investing in Nippon India BeES Silver ETF |
| Offer of Unit | Rs.10 |
| Objective | to provide returns that closely correspond to returns provided by Nippon India BeES Silver ETF by investing in units of Nippon India BeES Silver ETF |
| Name of Fund Manager | Mr. Mehul Dama |
| This product is suitable for investors who are seeking | Long term capital growth Returns that are commensurate with the performance of Nippon India BeES Silver ETF through investment in securities of Nippon India BeES Silver ETF |
| The scheme asset allocation will be | Units of Nippon India BeES Silver ETF (95-100%) Money Market Instruments* including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0-5%) |
| Riskometer | Moderately to High |
| DRHP | Click here |
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