MUTUAL FUNDS
Nippon India Mutual Fund files offer document for Income Plus Arbitrage Active Fund of Fund
May-09-2025
Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended hybrid fund of fund scheme named ‘Nippon India Income Plus Arbitrage Active Fund of Fund'. The New Fund Offer price for units would be Rs 10 each during the NFO period. Entry load and exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against 60% CRISIL Short Term Bond Index + 40% Nifty50 Arbitrage Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to achieve stable returns while navigating market volatilities for its investors. This objective will be pursued by strategically investing in a diversified portfolio of open-ended debt-oriented schemes, and units of Arbitrage funds of Nippon India Mutual Fund or any other Mutual Fund(s).

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