Nippon India ETF Nifty 100 is an open-ended index exchange traded fund offered by Nippon India Mutual Fund. The scheme offers long-term capital appreciation through investment in equity and equity-related instruments.
The investment objective of Nippon India ETF Nifty 100 is to offer investment returns that are commensurate with the overall returns offered by the securities on the Nifty 100 index.
Here are some of the key features of Nippon India ETF Nifty 100:
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 |
Investment Amount for Nippon India ETF Nifty 100
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 | Nil |
Asset Allocation for Nippon India ETF Nifty 100
Instruments | Allocations (Percentage of total assets) | Risk Profile |
Securities constituting Nifty 100 Index | 95% to 100% | Medium to High |
Money market securities including CBLO (with maturity period limited to 91 days) | 0% to 5% | Low to Medium |
The following entities can make investments in Nippon India ETF Nifty 100:
The NAV of Nippon India ETF Nifty 100 must be calculated on a daily basis and published in at least two national newspapers. The Net Asset Value must be declared on every business day on the website of the Association of Mutual Funds in India and the website of the fund house by 9:00 p.m. every working day, and failure to do so will require the Asset Management Company to provide an explanation to the Securities and Exchange Board of India regarding the reason for the delay.
Here is the formula used to compute the NAV of Nippon India ETF Nifty 100:
(Fair Value or Market Value of the Scheme's investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme
The computation of the scheme's NAV is done every day of the year and disclosed at the end of each working day.
Benchmark Index of Nippon India ETF Nifty 100:
The benchmark adopted by Nippon India ETF Nifty 100 is the Nifty 100 Index.
Nippon India ETF Nifty 100 has been managed by Payal Wadhwa Kaipunjal, who has over 16 years of experience in the mutual fund industry. Ms. Payal has been in charge of Nippon India ETF Nifty 100 since January 2017, and she also manages a number of other funds for Nippon India, such as Nippon India ETF Junior BeES, Nippon India ETF Gold BeES, Nippon India Index Fund - Sensex Plan, Nippon India Gold Savings Fund, etc.
The following are some of the major investment restrictions of Nippon India ETF Nifty 100:
The Trustees can declare dividends if they are available and depending upon the adequacy of distributable surplus. In case dividends are payable, the unitholders shall receive them net of TDS within 30 days from the date on which they are declared.
Nippon India ETF Nifty 100 is worth considering as an investment option as it facilitates capital growth in the long term through investment in equity and equity-related instruments and portfolios that try to replicate the composition of Nifty 100 Index.
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