MUTUAL FUNDS
Nippon India Mutual Fund files offer document for innovation and Technology Edge Fund
Jul-30-2021
Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Nippon India innovation and Technology Edge Fund’. The New Fund Offer price Rs 10. Entry load will be nil and Exit load will be 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units will be Nil, thereafter. The scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by S&P BSE 500 TRI. The minimum application amount will be Minimum of Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies adopting innovation & technology theme, companies that invest in technological innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors.

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