Nippon India Nifty 500 Momentum 50 Index Fund-Reg (G)
Category
Others
Scheme Type
OPEN
Exit Load (%)
Min Inv
1,000.00
Incremental Inv
1,000.00
Open Date
Sep 11, 2024
Close Date
Sep 25, 2024
Nav Calculation
DAILY
Sub-category
Equity – Index
Risk Level
Very High
Fund Manager
Himanshu Mange
Repurchase/Redemption
Fund Objective
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 500 Momentum 50 Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Notes
Nippon India Nifty 500 Momentum 50 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty 500 Momentum 50 TRI. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty 500 Momentum 50 Index in same proportion as in the Index. The AMC does not make any judgments about the investment merit of Nifty 500 Momentum 50 Index nor will it attempt to apply any economic, financial or market analysis. This would be done by investing in all the stocks comprising the Nifty 500 Momentum 50 Index in approximately the same weightage that they represent in Nifty 500 Momentum 50 Index. The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in money market instruments to meet the liquidity and expense requirements.
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