Nippon India Passive Flexicap FoF
| NFO Start Date | Dec 10 , 2020 |
| NFO End Date | Dec 24, 2020 |
| Scheme Type | Equity – Open Ended |
| Category | Other – Fund of Fund Domestic |
Object of Scheme
The investment objective of the Scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Nippon India Mutual Fund. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Suitability
This scheme is suitable for investors with moderately high-risk appetite who are –
• Long term capital appreciation
• Investment predominantly in units of ETFs/Index Funds of Nippon India Mutual Fund
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Investment Strategy
To achieve the investment objective, the Fund of Funds scheme will predominantly invest in units of ETFs/Index Funds of Nippon India Mutual Fund based on the average allocation of all active Multicap Funds in the industry into large, mid and small cap stocks as provided by CRISIL every month.
The rebalancing will be done on a monthly basis. The scheme may also invest in Debt Instruments & Money Market Instruments. The Scheme will invest in any (but not exclusively) of following category of Schemes:
A) Exchange Traded Funds (ETFs):
• Any ETFs of Nippon India Mutual Fund
B) Index Funds:
• Any Index Fund/(s) of Nippon India Mutual Fund
Exit Load
NIL
Minimum Investment
Rs 5,000 and in multiples of Re 1 thereafter
