India, June 16 -- Nippon India Mutual Fund has launched a new Open Ended Growth scheme named "Nippon India Nifty Pharma ETF" 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 Jun 21 to Jun 28, 2021.
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.
The fund manager of the scheme will be Mehul Dama, while the performance of the scheme will be benchmarked against Nifty Pharma Total Return.
The investment objective of the scheme is to provide investment r...