Nippon India MF introduces Nifty Auto Index Fund
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Nippon India Mutual Fund has launched Nippon India Nifty Auto Index Fund, an open-ended scheme replicating/tracking Nifty Auto Index. The NFO opens for subscription on November 14, 2024 and closes on November 28, 2024. The Entry load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at Nifty Auto TRI and its fund manager is Himanshu Mange.
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Auto Index before expenses, subject to tracking errors.
