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
| Instruments | Minimum % of Total Assets (Indicative) | Maximum % of Total Assets (Indicative) | Risk Profile |
| Securities constituting Nifty Smallcap 250 Index | 95% | 100% | Moderate to High |
| Money Market instruments | 0% | 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 Company | Nippon Life India Asset Management Limited (NAM India) |
| Type of Scheme | An open ended scheme replicating the Nifty Smallcap 250 Index. |
| Investment Objective | The 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 Period | 28 September 2020 to 09 October 2020 |
| Benchmark | Nifty Smallcap 250 TRI |
| Fund Manager | Mr. Mehul Dama |
| Entry Load | Nil |
| Exit Load | Nil |
| Minimum Application Amount | Rs. 5,000 & in multiples of Rs.1 thereafter |
| Minimum Additional Investment | Rs. 1,000 & in multiples of Rs.1 thereafter |
| Plans Available | Regular Direct |
| Options | Growth Dividend Payout Dividend Reinvestment |
| NFO Price | The NFO price is going to be Rs. 10/- per unit |
SIP Details
| Type | Minimum Installments | Minimum Amount |
| Monthly | 60 | Rs.100 & in multiples of Rs.1 thereafter |
| 12 | Rs.500 & in multiples of Rs.1 thereafter | |
| 6 | Rs.1,000 & in multiples of Rs.1 thereafter | |
| Quarterly | 12 | Rs.500 & in multiples of Rs.1 thereafter |
| 4 | Rs.1,500 & in multiples of Rs.1 thereafter | |
| Yearly | 2 | Rs.5,000 & in multiples of Rs.500 thereafter |
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