Nippon India to Launch New Momentum Index Fund

Nippon India Mutual Fund has announced that it is set to introduce the Nippon India Nifty 500 Momentum 50 Index Fund on September 11, 2024. This new fund will be tracking the performance of the Nifty 500 Momentum 50 Total Return Index, offering investors a way to tap into the growing trend of momentum investing.

Fund Details

What’s the Fund About?

Nippon India Mutual Fund has announced the Nippon India Nifty 500 Momentum 50 Index Fund starting September 11, 2024,  is designed to follow the Nifty 500 Momentum 50 Total Return Index, focusing on high-momentum stocks. It will invest 95-100% of its assets in the index components and up to 5% in liquid schemes and money market instruments. Basically, it’s all about keeping up with the best-performing stocks while staying close to the index’s performance. 

The minimum investment for the Nippon India Nifty 500 Momentum 50 Index Fund is Rs.500 for a lump sum, with subsequent investments in multiples of Rs.1, while Systematic Investment Plans (SIPs) require a minimum of Rs.500 per installment and at least 12 installments.

Why Momentum Investing Matters

Momentum investing is picking up steam in India. Right now, momentum funds make upto Rs.10,353 crore of the total Rs.35,954 crore in factor funds. That’s a big chunk! The Nifty 500 Momentum 50 TRI has a good track record, beating the Nifty 50 TRI in 12 out of the last 19 years. So, if you’re into the wave of high-performing stocks, this fund could be something to look out for. 

Conclusion: All in all,  with the Nippon India Nifty 500 Momentum 50 Index Fund, there is a chance to invest in a fund that’s all about momentum. It’s designed to offer a simple, transparent way to potentially benefit from market trends.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.