Nippon India Nifty Bank Index Fund - Reg (G)

Nippon India Nifty Bank Index Fund - Reg (G) is a scheme launched by Nippon Mutual Fund on February 22, 2024, and falls under the Index fund category. It currently manages an AUM of Rs 163.32 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 0.79% 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 Bank Index before expenses, subject to tracking errors.

• Performance:

  Nippon India Nifty Bank Index Fund - Reg (G) trailing returns over different times are 12.7% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 13.79%.