Nippon India Nifty Smallcap 250 Index Fund- NFO

Nippon India Nifty Smallcap 250 Index Fund is an open-ended scheme replicating the Nifty Smallcap 250 Index. It is a passively managed index fund that will adopt an investment strategy to track the performance of Nifty Smallcap 250 TRI. 

The New Fund Offer opens on September 28, 2020 and closes on October 09, 2020.

Investment Objective

The Investment Objective of the scheme is to generate returns closely corresponding to its benchmark index returns before expenses. The scheme aims to realize its investment objective by investing nearly the same weighting in almost all of the stocks comprising the Nifty Smallcap 250 Index as those described in the Nifty Smallcap 250 Index, subject to any tracking errors.

Suitability

This fund is suitable for investors who are

  • Seeking long-term wealth creation.
  • Considering to invest in equity & equity related securities and portfolio replicating the underlying stocks of the Nifty Smallcap 250 Index, subject to tracking errors.

Assets Allocation Pattern

InstrumentsMinimum % of Total Assets (Indicative)Maximum % of Total Assets (Indicative)Risk Profile
Securities constituting Nifty Smallcap 250 Index95%100%Moderate to High
Money Market instruments0%5%Low to Moderate

About the scheme

Name of the scheme

Name of the Mutual Fund

Nippon India Nifty Smallcap 250 Index Fund

Nippon India Mutual Fund (NIMF)

Name of Asset Management CompanyNippon Life India Asset Management Limited (NAM India)
Type of SchemeAn open ended scheme replicating the Nifty Smallcap 250 Index.
Investment ObjectiveThe investment objective of the scheme is to deliver returns closely corresponding to the returns generated by the securities constituting the Nifty Smallcap 250 index before the scheme expenses, subject to tracking errors.
NFO Period28 September 2020 to 09 October 2020
BenchmarkNifty Smallcap 250 TRI
Fund ManagerMr. Mehul Dama
Entry LoadNil
Exit LoadNil
Minimum Application AmountRs. 5,000 & in multiples of Rs.1 thereafter
Minimum Additional InvestmentRs. 1,000 & in multiples of Rs.1 thereafter
Plans Available

Regular 

Direct

Options

Growth

Dividend Payout

Dividend Reinvestment

NFO PriceThe NFO price is going to be Rs. 10/- per unit

SIP Details

TypeMinimum InstallmentsMinimum Amount
Monthly60Rs.100 & in multiples of Rs.1 thereafter
12Rs.500 & in multiples of Rs.1 thereafter
6Rs.1,000 & in multiples of Rs.1 thereafter
Quarterly12Rs.500 & in multiples of Rs.1 thereafter
4Rs.1,500 & in multiples of Rs.1 thereafter
Yearly2Rs.5,000 & in multiples of Rs.500 thereafter

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