MUTUAL FUNDS
Nippon India Mutual Fund files offer document for Nifty Alpha Low Volatility 30 Index Fund
Jul-30-2021
Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Nippon India Nifty Alpha Low Volatility 30 Index Fund'. The New Fund Offer price Rs 10. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Alpha Low Volatility 30 TRI. The minimum application amount will be Minimum of Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Alpha Low Volatility 30 Index before expenses, subject to tracking errors. 

  RELATED NEWS >>