Nippon India MF introduces Nifty IT Index Fund
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Nippon India Mutual Fund (MF) has launched Nippon India Nifty IT Index Fund, an open-ended scheme replicating/tracking Nifty IT Index. The NFO opens for subscription on February 5, 2024 and closes on February 16, 2024. The Entry Load is not applicable and exit load will be 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 against Nifty IT 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 IT Index before expenses, subject to tracking errors.
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