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Nippon India Innovation Fund Floats On

Published on Aug 05, 2023 09:17

Nippon India Mutual Fund has launched a new fund named as Nippon India Innovation Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Equity Scheme - Sectoral/ Thematic

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 500 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 100 and in multiples of Re. 1/- thereafter.

Load structure: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter

Benchmark Index for the scheme is Nifty 500 TRI

The fund manager of the scheme is Mr. Vinay Sharma and Ms. Kinjal Desai - Fund Manager - Overseas Investment

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