Notice No20210203-35Notice Date03 Feb 2021
CategoryTradingSegmentMutual Fund
SubjectLaunch of NFO with SIP facility of NIPPON Mutual Fund on BSE StAR MF Platform
Content

MFIs/MFDs/RIAs are hereby informed that NIPPON INDIA Mutual Fund will be offering NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND - NFO on February 04, 2021 to February 12, 2021 alogwith sip facility on BSE StAR MF Platform.

The Scheme details are given below:

Sr. No

Scheme Name

Scheme Category

ISIN

Allotment date

1

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND DIRECT GROWTH

EQUITY

INF204KB18Z7

17-02-2021

2

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND DIRECT DIVIDEND PAYOUT

EQUITY

INF204KB19Z5

17-02-2021

3

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND DIRECT REINVESTMENT

EQUITY

INF204KC1014

17-02-2021

4

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND GROWTH

EQUITY

INF204KB15Z3

17-02-2021

5

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND DIVIDEND PAYOUT

EQUITY

INF204KB16Z1

17-02-2021

6

NIPPON INDIA NIFTY MIDCAP 150 INDEX FUND DIVIDEND REINVESTMENT

EQUITY

INF204KB17Z9

17-02-2021

MFDs/RIAs/RFDs are also hereby informed that, AMC confirmed that allotment for above scheme will be done on February 17, 2021 hence the clear funds has to be available in ICCL Account by 3.00pm on February 15, 2021.

The SIP/ISIP/XSIP investment amount range and requirement of minimum installment numbers for the schemes are given below:  

SIP FREQUENCY

SIP INVESTMENT AMOUNT RANGE

MINIMUM NUMBER OF INSTALLMENT

MONTHLY

 

RS. 100 TO RS.499

60

RS. 500 TO RS.999

12

RS. 1000 TO ANY AMOUNT

6

QUARTERLY

RS. 500 TO RS.1499

12

RS. 1500 TO ANY AMOUNT

4

MFIs/MFDs/RIAs are also hereby informed that, as confirm by NIPPON INDIA AMC if SIP/ISIP/XSIP's gets registered on BSE star MF platform for Monthly and Quarterly frequency between the above investment amount range then minimum installment numbers should be selected by members as provided in above table to avoid rejections from AMC end.

Also, said NFO have been extended till midnight on February 12, 2021 on the BSE StAR MF Platform. 

 

Ketan Jantre                                                      Zeeta Eustace

Sr. General Manager – Mutual Funds             Asst. General Manager – Mutual Funds