MUTUAL FUNDS
Nippon India MF introduces Asset Allocator FoF
Jan-18-2021

Nippon India Mutual Fund (MF) has launched the Nippon India Asset Allocator FoF, an open-ended fund of funds scheme investing in equity-oriented schemes, debt-oriented schemes and gold ETF of Nippon India Mutual Fund. The NFO opens for subscription on January 18, 2021 and closes on February 01, 2021. Entry load will be not applicable for the scheme. 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units and Nil, thereafter. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against its performance to CRISIL Hybrid 50 + 50 - Moderate Index and its fund managers are Prashant Pimple and Ashutosh Bhargava.

The primary investment objective of the Scheme is to seek long term capital growth by investing in units of equity-oriented schemes, debt-oriented schemes and gold ETF of Nippon India Mutual Fund.

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