Nippon India Nifty Auto Index Fund Direct Growth - Regular - Latest NAV [ ₹10 ], Returns, Performance, Portfolio & Returns 2024

Nippon India Nifty Auto Index Fund - Direct Plan- Growth Option - NFO

Direct

Growth

Direct

Growth

Fund overview

CLOSED

Last date to invest

28 Nov 2024

Thursday

Offer price

10

Allotment date

04 Dec

Launch date

14 Nov

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Expense ratio

-
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Exit Load

0% in 0 days
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Lock-in period

No Lock-in
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Risk

Very High
risk

About Nippon Life India Asset Management Ltd

Nippon India Mutual Fund is one of India’s leading mutual fund companies.It is is one of the fastest growing AMCs in India. It was registered on June 30, 1995. Nippon Mutual Fund was originally Reliance Capital Mutual Fund and changed its name in 2004.

Managers

Himanshu Mange

Custodians

Deutsche Bank AG

Address

Nippon Life India Asset Management Limited 4th Floor, Tower A, Peninsula Business Park,

Fax Nos.

022- 6808 7097

Telephone Nos.

022-6808 7000/18602660111

Homepage

https://mf.nipponindiaim.com/

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Frequently Asked Questions

What is an NFO?

An Asset Management Company (AMC) introduces a new mutual fund scheme through the New Fund Offer or NFO. In simple terms a mutual fund house offers units of a new mutual fund scheme to investors through the NFO. NFOs are open for subscription for a specified period where investors can invest in units of the new mutual fund scheme at the offer price. You have the NFO price in mutual funds generally fixed at Rs 10 per unit of the mutual fund scheme. On expiry of the NFO period, new and existing investors can buy units of the mutual fund scheme at a specified price which is usually higher than the NFO price. AMCs raise funds through the NFO to purchase securities such as stocks, bonds and so on in-line with the new mutual fund scheme’s investment mandate.

How is NFO a good opportunity?

• NFO presents you with an opportunity to tap into a new investment theme. You could invest in the NFO if you lack the relevant investment theme in your portfolio and it has potential for growth over time. • NFOs are generally launched at an NAV of Rs 10. However, you can profit from the investment if the NAV of the mutual fund scheme rises with time. • NFOs may give you the opportunity to get exposure to foreign stocks and diversify beyond the Indian stock market.

Why is my NFO order still pending?

Investing in mutual fund schemes through NFOs takes longer as compared to normal mutual fund schemes. You get units of the new mutual fund scheme subscribed through NFOs in around 7-10 working days following the NFOs closing date. You must check the closing date of the NFO to get an idea on when units of the new mutual fund scheme will be allotted. You can get in touch with us in case your issue persists by using the button below. Our support team will do the needful and get in touch with you.

Can my NFO order get rejected?

Your NFO order will get rejected if you place your order after the cutoff time on the final day of the NFO. Moreover, you must complete your KYC (Know Your Customer) requirements as part of compliance which is mandatory to prevent the misuse of services of financial entities such as AMCs for illegal activities such as money laundering. Your NFO gets rejected if you have not completed your KYC.

Is KYC necessary for NFO purchase?

You must complete your KYC (Know Your Customer) requirement which is verification of your identity and address by an institution before investing in the NFO. It prevents the misuse of services of banks, AMCs and other financial institutions for illegal activities such as money laundering.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.