Nippon India Mutual Fund has launched a new open-ended index fund focused on India’s manufacturing sector. The New Fund Offer (NFO) opened on August 6, 2025, and will close on August 20, 2025.
The scheme aims to deliver returns that align with the performance of the Nifty India Manufacturing Total Returns Index (TRI) before expenses, subject to tracking errors. It will follow a passive investment strategy.
The Nifty India Manufacturing Index includes listed companies engaged in manufacturing activities across sectors. The fund will invest in the same proportion as the index to replicate its performance.
The fund is managed by Himanshu Mange and operated under Nippon Life India Asset Management Ltd. KFin Technologies Ltd is the Registrar and Transfer Agent for the scheme.
The fund does not allow direct contact with underlying companies, as it is a passive fund. It is structured to mirror the index without active fund manager intervention. The performance will depend entirely on how the manufacturing index performs in the market.
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The NFO offers exposure to India’s manufacturing sector through index-based investing. The scheme involves very high risk, does not charge an exit load, and requires a minimum investment of ₹1,000. Subscription remains open till August 20, 2025.
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 the related documents carefully before investing.
Published on: Aug 6, 2025, 10:45 AM IST
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