NFO Alert: Nippon India Mutual Funds Launches BSE Sensex Next 30 ETF and Index Fund

Nippon India Mutual Fund launched 2 schemes based on the BSE Sensex Next 30 Index: the Nippon India BSE Sensex Next 30 ETF and the Nippon India BSE Sensex Next 30 Index Fund.

The New Fund Offer opens on May 21, 2025, and closes on June 4, 2025. The schemes are expected to reopen for ongoing transactions on or before June 16, 2025.

Scheme Objective and Approach

Both schemes aim to provide returns that mirror the performance of the BSE Sensex Next 30 TRI, subject to tracking errors. These are passively managed funds that invest in the same proportion as the index. 

Asset Allocation

• Equity (BSE Sensex Next 30 stocks): 95%–100%
• Money market and cash equivalents: 0%–5%

Fund Details

• Type: Open-ended
• Category: Equity - Large Cap
• Benchmark: BSE Sensex Next 30 TRI
• Minimum Investment: ₹1,000 and multiples of ₹1
• Exit Load: Nil
• Risk Level: Very High
• Plans: Growth and IDCW (for the index fund only)
• Fund Manager: Himanshu Mange

ETF Specifics

The ETF units will be traded on stock exchanges. Retail investors can buy units starting from 1 unit, while authorised participants and large investors can transact in creation units of 50,000 units or more, subject to a minimum value of ₹25 crore for large investors.

Read more: Nippon India Announces Income Distribution Under Balanced Advantage Fund

Conclusion

Both schemes are designed to passively track the BSE Sensex Next 30 Index and will be available for subscription during the NFO window from May 21 to June 4, 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 in the securities market are subject to market risks, read all the related documents carefully before investing.