News Details

Nippon India Mutual Fund launches Nippon India Nifty Alpha Low Volatility 30 Index Fund

Aug 1, 2022 by News Team

NFO period: 01st August – 12th August, 2022

Highlights of the NFO:

  • Scheme type – An open-ended scheme replicating/tracking Nifty Alpha Low Volatility 30 Index

  • Investment objective – The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Alpha Low Volatility 30 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.

  • Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities and portfolio replicating the composition of the Nifty Alpha Low Volatility 30 Index, subject to tracking errors.

  • Minimum Application Amount – First investment is Rs. 1,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Plan with Growth Option, Income Distribution cum capital withdrawal Plan with Payout Option and Reinvestment Option.

  • Fund Managers – Mr. Mehul Dama

  • Benchmark – Nifty Alpha Low Volatility 30 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)