Changes in Fund Management for Nippon India Mutual Fund’s Passive Schemes

Nippon India Mutual Fund has announced changes in the fund management of several passive schemes, effective February 1, 2025. Jitendra Tolani will replace Himanshu Mange as the fund manager for multiple exchange-traded funds (ETFs) and index funds.

List of Affected Schemes

The following schemes will now be managed by Jitendra Tolani:

• ETFs: CPSE ETF, Nippon India ETF Nifty 50 Shariah BeES, Nippon India ETF Nifty 50 Value 20, Nippon India ETF Nifty Dividend Opportunities 50, Nippon India ETF Nifty India Consumption, Nippon India ETF Nifty Infrastructure BeES, Nippon India ETF Nifty IT, Nippon India ETF Nifty PSU Bank BeES.
• Index Funds: Nippon India Nifty 50 Value 20 Index Fund, Nippon India Nifty 500 Equal Weight Index Fund, Nippon India Nifty 500 Momentum 50 Index Fund, Nippon India Nifty Alpha Low Volatility 30 Index Fund, Nippon India Nifty Auto Index Fund, Nippon India Nifty Bank Index Fund, Nippon India Nifty IT Index Fund, Nippon India Nifty Realty Index Fund.
• Other Funds: Nippon India Nifty Auto ETF, Nippon India Nifty Pharma ETF, Nippon India Silver ETF FoF.

Effective Date

The change took effect from February 1, 2025. Investors in these schemes do not need to take any action, but they can review fund updates for any modifications in execution.

These changes are part of routine fund management realignments, with the core investment strategy of these funds remaining intact.

About Nippon India Mutual Fund

Nippon India Mutual Fund (NIMF), formerly Reliance Mutual Fund, is an asset management company offering multiple investment options, including equity, debt, hybrid, and commodity funds. Established in 1995, it became Nippon India MF in 2019 after Nippon Life acquired a 75% stake. It is managed by Nippon Life India Asset Management Limited (NAM India).

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.