Nippon India Nifty 500 Equal Weight Index Fund Review – Nippon India Nifty 500 Equal Weight Index Fund Direct NFO Open on 21 August 2024 and Close on 04 Sept 2024. Nippon India Nifty 500 Equal Weight Fund Direct NFO Allotment Date is 10 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is 100.
Type of the Scheme
An open-ended scheme replicating/tracking Nifty 500 Equal Weight Index.
Scheme Benchmark : Nifty 500 Equal Weight TRI – The scheme is an index fund. The composition of the benchmark is such that it is most suited for comparing performance of the scheme. Total Return variant of the index (TRI) will be used for performance comparison.
Nippon India Nifty 500 Equal Weight Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| India Cements Ltd. | 0.30 |
| Rail Vikas Nigam Ltd. | 0.28 |
| Suven Pharmaceuticals Ltd. | 0.26 |
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | 0.26 |
| 360 ONE WAM Ltd. | 0.26 |
| MMTC Ltd. | 0.25 |
| Kalyan Jewellers India Ltd. | 0.25 |
| Mazagoan Dock Shipbuilders Ltd. | 0.25 |
| Alembic Pharmaceuticals Ltd. | 0.25 |
| Suzlon Energy Ltd. | 0.24 |
Nippon India Nifty 500 Equal Weight Index Fund Nfo Important Date
| Scheme Offer | Nippon India Nifty 500 Equal Weight Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 21 Aug 2024 |
| Close Date | 04 Sept 2024 |
| Allotment Date | 10 Sep 2024 |
| Category | Index Fund |
| Min Inv ₹ | 1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 Equal Weight TRI |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Nippon India Nifty 500 Equal Weight Index Fund Nfo Other Details
| Exit Load | Nil |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1,000 |
| Min. SIP | Rs. 100 |
Nippon India Nifty 500 Equal Weight Index Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max | Risk Profile |
|---|---|---|---|
| Securities constituting Nifty 500 Equal Weight Index | 95% | 100% | Very High |
| Cash & cash equivalents and Money Market instruments and/or Schemes which invest in the money market securities or Liquid Schemes | 0% | 5% | Low to Medium |
Manager Manage the Scheme?
- Fund Manger : Mr. Himanshu Mange
- Qualification : Chartered Accountant
- Experience : Over 4 years of experience From Dec 23, 2023 onwards Fund Manager & Dealer – ETF, NAM India Feb 02, 2022 – December 22, 2023 Dealer – ETF, NAM India Dec 04, 2019 – Feb 01, 2022 TATA AIA Life Insurance Co. Ltd.: Assistant Manager (Investment Operations – Finance & Accounts).
Nippon India Nifty 500 Equal Weight Index Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 4.18 | 28.77 | 55.83 | 29.45 | 15.01 |
| Total Return | 4.28 | 29.19 | 56.80 | 30.64 | 16.54 |
Nippon India Nifty 500 Equal Weight Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 18.13 |
| Capital Goods | 11.75 |
| Healthcare | 9.52 |
| Chemicals | 6.98 |
| Automobile and Auto Components | 6.36 |
| Fast Moving Consumer Goods | 6.31 |
| Information Technology | 5.12 |
| Consumer Durables | 5.04 |
| Consumer Services | 4.70 |
| Oil, Gas & Consumable Fuels | 3.85 |
| Services | 3.32 |
| Metals & Mining | 2.98 |
| Construction | 2.71 |
| Construction Materials | 2.63 |
| Power | 2.50 |
| Telecommunication | 2.20 |
| Realty | 2.16 |
| Textiles | 1.30 |
| Media, Entertainment & Publication | 1.25 |
| Diversified | 0.83 |
| Forest Materials | 0.37 |
How Will The Scheme Allocate Its Assets?
- Securities of companies constituting Nifty 500 Equal Weight Index.
- Equity Derivatives of the index itself or its constituent stocks.
- Cash & Cash Equivalents including Government Securities, T-Bills and Repo on Government Securities.
- Money Market Instruments.
- Schemes which invest in the money market securities or Liquid Schemes.
Also Read: Tata Nifty200 Alpha 30 Index Fund Review
Nippon India Nifty 500 Equal Weight Index Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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