India, April 11 -- Nippon India Mutual Fund has launched a new Open Ended Growth scheme named "Nippon India Nifty 500 Quality 50 Index Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Apr 16 to Apr 30, 2025.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Jitendra Tolani, while the performance of the scheme will be benchmarked against .
The investment objective of the scheme is to...