Nippon India Nifty 500 Equal Weight Index Fund-Reg (G)

Nippon India Nifty 500 Equal Weight Index Fund-Reg (G) is a scheme launched by Nippon Mutual Fund on September 12, 2024, and falls under the Flexi Cap fund category. It currently manages an AUM of Rs 455.49 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 1000. It charges an expense ratio of 0.89% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors.

• Performance:

  Nippon India Nifty 500 Equal Weight Index Fund-Reg (G) trailing returns over different times are -5.29% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 0.56%.