Nippon India Nifty MIDCap 150 Index Fund - IDCW Option

Nippon India Nifty MIDCap 150 Index Fund - IDCW Option is a scheme launched by Nippon Mutual Fund on February 17, 2021, and falls under the Index fund category. It currently manages an AUM of Rs 1,941 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.8% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors.

• Performance:

  Nippon India Nifty MIDCap 150 Index Fund - IDCW Option trailing returns over different times are 4.19% (1 year), 22.89% (3 year) and 0% (5 year). The average annual return of this fund stands at 2.77%.