Nippon India ETF Long Term Gilt is an open-ended index exchange traded fund offered by Nippon India Mutual Fund.
The investment objective of Nippon India ETF Long Term Gilt Fund is to offer returns that are commensurate with the overall returns generated by the instruments that are represented in the Nifty 8-13 year G-Sec Index.
Here are some of the key features of Nippon India ETF Long Term Gilt:
Type of Fund | Open-ended index exchange traded fund |
Plans Available | N/A |
Options Under Each Plan | N/A |
Systematic Investment Plan | Not Available |
Systematic Transfer Plan | Not Available |
Systematic Withdrawal Plan | Not Available |
Minimum Application Amount | Rs.5,000 and in multiples of Re.1 thereafter |
Minimum Additional Investment | N/A |
Minimum Instalment for Systematic Investment Plans | N/A |
Minimum Instalment for Systematic Withdrawal Plan | N/A |
Entry Load | Nil |
Exit Load | N/A |
Instruments | Allocations (Percentage of total assets) | Risk Profile |
Securities constituting Nifty 8-13 yr G-Sec Index | 95% to 100% | Low to Medium |
Money market securities (with maturity periods under 91 days) | 0% to 5% | Low to Medium |
Investments in Nippon India ETF Long Term Gilt can be made by the following entities:
The Net Asset Value of Nippon India ETF Long Term Gilt Fund will be calculated by the Asset Management Company within five days from the date of allotment. The Net Asset Value will also be computed and disclosed at the end of every working day, and will be published in a minimum of two daily newspapers. The Net Asset Value will also be published on the website of the Association of Mutual Funds in India by 9:00 p.m. on the day it is declared, and it will also be available for viewing on the website of Nippon India Mutual Fund. In case the Asset Management Company does not publish the Net Asset Value of the scheme before the working hours of the next day start, the fund house will have to issue a press release stating the reasons for the failure to publish the same.
(Fair Value or Market Value of the Scheme's investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme
The calculation of the scheme's Net Asset Value is done every day of the year and disclosed at the end of each working day.
The benchmark adopted by Nippon India ETF Long Term Gilt is the Nifty 8-13 yr G-Sec Index.
Nippon India ETF Long Term Gilt has been managed by Prashant Pimple since July 2016. Mr. Pimple has been working with Nippon India Nippon Life Asset Management Limited since October 2008, before which he worked with Fidelity Mutual Fund for a year. He has around 19 years of experience, overall, and also manages a few other funds for Nippon India Mutual Fund, such as Nippon India Dynamic Bond Fund, Nippon India Short Term Fund, Nippon India Income Fund, Nippon India Corporate Bond Fund, Nippon India Gilt Securities Fund, and Nippon India Regular Savings Fund - Debt Option.
The following are some of the major investment restrictions of Nippon India ETF Long Term Gilt:
The Trustees have the right to declare dividends under the scheme provided that distributable surplus is available, and the distribution of dividends along with the frequency at which dividends are distributed will depend upon the Trustee. Unitholders will receive the dividend if their names are present on the register of unitholders on the record date. Unitholders will receive the dividend amount after the deduction of tax at source within 30 days from the date on which dividends are declared.
Nippon India ETF Long Term Gilt is a good investment option to consider if you want to generate income and create wealth for the long term.
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