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Partner With Us NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

1,000.00

Incremental Inv

0.00

Open Date

Jan 05, 2022

Close Date

Jan 14, 2022

Nav Calculation

DAILY

Sub-category

Exchange Traded Funds (ETFs)

Risk Level

Very High

Fund Manager

Mehul Dama

Repurchase/Redemption

Fund Objective

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Auto Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Notes

Nippon India Nifty Auto ETF is a passively managed exchange traded fund which will employ an investment approach designed to track the performance of Nifty Auto TRI. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty Auto Index in same proportion as in the Index. The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in money market instruments to meet the liquidity and expense requirements