Nippon India Mutual Fund launches Nifty 500 Momentum 50 Index Fund, a high-risk, long-term growth fund targeting high-momentum stocks.
Nippon India Mutual Fund has introduced the Nippon India Nifty 500 Momentum 50 Index Fund, an open-ended scheme designed to track the Nifty 500 Momentum 50 Total Return Index. It targets high-momentum stocks to enhance returns and features a low expense ratio. The New Fund Offering (NFO) runs from September 11 to 25, 2024, with a minimum investment of Rs. 1,000, and is aimed at high-risk investors seeking long-term growth over 5 to 7 years.
September 11, 2024
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