Nippon India Passive Flexicap FoF Details

Nippon India Passive Flexicap FoF

Nippon India Passive Flexicap FoF

Nippon India Mutual fund launches a new FoF. The name of the Fund of Fund is the Nippon India Passive Flexicap FoF scheme. The scheme opens for subscription on December 10th, 2020. Moreover, the offer will close for subscription on December 24th, 2020. As of the news, the scheme will re-open for continuous sale & repurchase on 8th January 2021.

According to the expert analysis, FoF is suitable for investors who are seeking long-term capital appreciation. It is an open-ended fund of funds scheme investing in units of ETFs/Index funds of Nippon India MF.

Nippon India mutual fund’s Fund of Fund scheme has available in two plans namely direct and regular along with growth and dividend options.

Basic Details of Nippon India Passive Flexicap FoF:

Fund of Fund Name Nippon India Passive Flexicap
FoF Period Dec 10th, 2020 – Dec 24th, 2020
Type Open-Ended
Benchmark Nifty 500 TRI
Fund Manager Nippon Life India Trustee Limited

Objects of the Issue:

The objective of the Scheme is to look for long term capital growth by investing in units of ETFs/Index Funds of Nippon India Mutual Fund. However, there can be no affirmation or guarantee that the objective of the scheme will be achieved.

Minimum Investment per Application:

The minimum application amount is set at Rs. 5,000 and in multiples of Re. 1 thereafter. For an additional purchase, investors invest a minimum of Rs. 1,000 and in multiples of Rs. 1 following.

The entry load and exit load charges not applicable for this scheme.

Investment Pattern:

The scheme will invest a minimum of 95% of assets in units of NI ETFs/Index funds of NIMF at medium to high-level risk. Besides, it aims to invest about 5% of assets in Debt & money market instruments.

As per the SID, Nifty 500 TRI will play as a benchmark index to the scheme. The performance of the scheme will manage by Nippon Life India Trustee Limited.

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.


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