Nippon India Nifty 500 Momentum 50 Index Fund – Nippon India Nifty 500 Momentum 50 Index Fund Direct NFO Open on 11 September 2024 and Close on 25 September 2024. Nippon India Nifty 500 Momentum 50 Index Fund Direct NFO Allotment Date is 1 October 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1000. The Minimum SIP Investment Amount is 100.
Type of the Scheme
An open-ended scheme replicating/tracking Nifty 500 Momentum 50 Index.
Scheme Benchmark : Nifty 500 Momentum 50 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 Momentum 50 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Trent Ltd. | 6.43 |
| Bajaj Auto Ltd. | 5.40 |
| Adani Ports and Special Economic Zone Ltd. | 4.88 |
| Bharat Electronics Ltd. | 4.63 |
| Mahindra & Mahindra Ltd. | 4.62 |
| REC Ltd. | 4.32 |
| Siemens Ltd. | 4.26 |
| Hindustan Aeronautics Ltd. | 4.18 |
| Power Finance Corporation Ltd. | 4.00 |
| Tata Power Co. Ltd. | 3.51 |
Nippon India Nifty 500 Momentum 50 Index Fund Nfo Important Date
| Scheme Offer | Nippon India Nifty 500 Momentum 50 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 11 Sep 2024 |
| Close Date | 25 Sep 2024 |
| Allotment Date | 1 Oct 2024 |
| Category | Index Fund |
| Min Inv ₹ | 1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 Momentum 50 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 Momentum 50 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 Momentum 50 Index Fund Nfo Other Details
| Exit Load | N/A |
|---|---|
| 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 Momentum 50 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities constituting Nifty 500 Momentum 50 Index | 95% | 100% |
| Cash & cash equivalents and Money Market instruments and/or Schemes which invest in the money market securities or Liquid Schemes | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Himanshu Mange
Qualification : Chartered Accountant
Experience : Over 5 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 Momentum 50 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Capital Goods | 31.20 |
| Financial Services | 17.03 |
| Automobile and Auto Components | 14.26 |
| Power | 9.75 |
| Consumer Services | 6.43 |
| Services | 4.88 |
| Consumer Durables | 3.68 |
| Construction | 3.20 |
| Metals & Mining | 2.65 |
| Oil, Gas & Consumable Fuels | 2.64 |
| Realty | 1.64 |
| Healthcare | 1.52 |
| Chemicals | 1.11 |
Nippon India Nifty 500 Momentum 50 Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 3.76 | 39.37 | 68.19 | 34.74 | 23.79 |
| Total Return | 3.99 | 40.21 | 69.51 | 35.77 | 24.97 |
Where Will the Scheme Invest ?
- Securities of companies constituting Nifty 500 Momentum 50 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.
- Reverse repo and / or Tri-Party Repo on Government securities or Treasury bills.
- Schemes which invest in the money market securities or Liquid Schemes.
- Unrated debt and money market instruments.
Also Read: Bandhan Business Cycle Fund Review
Nippon India Nifty 500 Momentum 50 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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