DISCLAIMERS, STATUTORY DETAILS & RISK FACTORS
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Exit Load - If charged, the same shall be credited to the scheme immediately net of Goods & Service Tax, if any.
Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.
^Total Expense Ratio - As on last day of the month & includes additional expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Service Tax on Management Fees.
@ Tracking Error - 3 years Annulised Tracking Error based on daily returns.
Withholding Tax on distributed income by Mutual Fund Scheme: The Finance Act, 2020 has abolished dividend distribution tax on Income distribution by Mutual Fund scheme. W.e.f. 01.04.2020 any income distribution by Mutual fund scheme is taxable in the hands of investor and mutual fund scheme is required to withhold tax on such income distribution as per applicable tax rate.
Applicability of Stamp Duty on Mutual Fund Transactions:Stamp duty @ 0.005% of the transaction value would be levied on applicable mutual fund transactions, with effect from July 01, 2020.
Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase/switch-in transactions (including IDCW reinvestment) to the unitholders would be reduced to that extent. Kindly refer notice cum addendum no. 30, dated June 30, 2020.
Kindly refer addendum no. 63 dated September 28, 2012 for details about discontinued plan. Direct plan got introduced w.e.f. 01/01/2013. Kindly refer addendum no. 95 dated December 31, 2012 for details about direct plan.
Kindly refer addendum no. 66 dated June 11, 2015 for details about discontinued bonus plan/option.
Scheme Related Disclosures
Pursuant to SEBI Circular No SEBI/HO/IMD/IMD-II DF3/P/CIR/2021/652 dated October 27, 2021 on “Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes”,there are changes in the Benchmark wef. 1st December 2021 for few of the Nippon India Funds. Kindly refer notice cum addendum no. 88 dated Nov 30, 2021 and notice cum addendum no. 91 dated Dec 04, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 90, dated Dec 03, 2021.
Pursuant to SEBI Circular no: SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated June 7, 2021 on “Potential Risk Class Matrix for debt schemes based on Interest Rate Risk and Credit Risk”, Nippon India Mutual Fund (“NIMF”)/ Nippon Life India Asset Management Limited (“NAM India”) has positioned its debt schemes in terms of PRC matrix consisting of parameters based on maximum interest rate risk (measured by Macaulay Duration of the scheme) and maximum credit risk (measured by Credit Risk Value of the scheme) w.e.f December 01, 2021. Kindly refer notice cum addendum no. 87 dated Nov 30, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 82, dated Nov 03, 2021.
For change in features of SIP Insure, kindly refer notice cum addendum no 78, dated Oct 16, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 75, dated Oct 06, 2021.
For change in Fund Managers for few of the scheme of Nippon India Mutual Fund w.e.f. Sep 27, 2021 kindly refer notice cum addendum no. 72 dated Sep 24, 2021.
For revision in Exit Load Structure of Nippon India US Equity Opportunities Fund w.e.f. Sep 20, 2021 kindly refer notice cum addendum no. 70 dated Sep 16, 2021.
For revision in Minimum Application Amount, Minimum Additional Investment, Minimum Switch Amount w.e.f. Sep 20, 2021 kindly refer notice cum addendum no. 70 dated Sep 16, 2021.
For change in Fund Managers for few of the scheme of Nippon India Mutual Fund w.e.f. Sep 10, 2021 kindly refer notice cum addendum no. 67 dated Sep 09, 2021
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no. 65, dated Sep 06, 2021.
Pursuant to the SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/172 dated September 11, 2020 for “Asset Allocation of Multi Cap Funds”, for changes in Asset Allocation Pattern & Benchmark of Nippon India Multi Cap Fund. Fund w.e.f. Jan 29, 2021, kindly refer notice cum addendum no.101, dated Jan 14, 2021.
Pursuant to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 5, 2020 on “Product Labeling in Mutual Fund schemes – Risk-o-meter”, kindly refer notice cum addendum no. 98, dated Jan 8, 2021 for revision in Risk-o-meters of the funds.
For revision in Exit load for Nippon India Dynamic Bond Fund w.e.f. Nov 25, 2020, kindly refer notice cum addendum no. 87, dated Nov 24, 2020.
In schemes with investments in floating rate bonds, valuation of FRB issued by Government of India is as per CCIL and all other floating rate bonds are based on valuation provided by AMFI approved valuation agencies.
Pursuant to notice cum addendum no 81 dated October 30, 2021, for investments made by designated employees in terms of SEBI circular dated April 28, 2021, and September 20, 2021, requirement for minimum application/ redemption amount will not be applicable.
For Inclusion of provision related to Premature redemption in case of transmission and modification in sections related to Lock-in period & maximum entry age for subscription in Nippon India Retirement Fund, kindly refer notice cum addendum no.83, dated Nov 09, 2020.
With a view to bring uniformity in returns of the schemes and their respective benchmarks from currency perspective, the returns of S&P 500 and Topix (Tokyo Price Index) along with respective underlying schemes i.e. Nippon India US Equity Opportunities Fund and Nippon India Japan Equity Fund are published in INR terms.
For changes in the Name of Asset Management Company (AMC) & Trustee Company from Reliance Nippon Life Asset Management Limited to “Nippon Life India Asset Management Limited” w.e.f. January 13, 2020 and the name of the Trustee Company of NIMF, from Reliance Capital Trustee Co. Limited to “Nippon Life India Trustee Limited” w.e.f. January 15, 2020, kindly refer notice cum addendum no. 126, dated January 15, 2020.
Nippon Life Insurance Company (“NLI”), which is a mutual company incorporated and existing under the laws of Japan, has acquired 75% stake in Reliance Mutual Fund (RMF) and has now become the ‘sole sponsor’ of RMF. As a result of this acquisition and in order to appropriately associate the name of the Mutual Fund with its current sponsor, the fund house is now named as Nippon India Mutual Fund. The names of all the existing schemes has changed by substituting the word ‘Reliance’ prefixed before each scheme name with ‘Nippon India’. Investors are further, requested to refer addendum No. 76 dated September 27, 2019 and addendum No. 78 dated October 1, 2019.
For Completion of “Proposed Transaction” as referred in our Notice Cum Addendum No. 56 dated August 21, 2019 , kindly refer to Notice cum Addendum 78, dated 1st Oct, 2019.
For Revision in the fresh subscription limit through SIP or STP or such other special product from Rs. 1 lakh to Rs. 5 lakhs in Nippon India Small Cap Fund wef. Oct 18 2019, kindly refer notice cum addendum no. 82 dated Oct 11, 2019.
*Reliance Focused Large Cap Fund was merged into Reliance Mid & Small Cap Fund and the merged scheme was renamed as Nippon India Focused Equity Fund (formerly Reliance Focused Equity Fund) (‘Scheme’) with effect from April 28, 2018. In line with SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated April 12, 2018, since the Scheme did not retain the features of either the transferor or transferee scheme, the performance has been provided herein since the effective date i.e. April 28, 2018.
The investors of Nippon India Gold Savings Fund & Nippon India Junior BeES FOF will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying scheme.
Disclaimer: The Fact sheet “Fundamentals” is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees, associates or representatives (“entities & their associates”) do not assume any responsibility for, or warrant the authenticity, accuracy, completeness, adequacy and reliability of such information. Whilst no action has been solicited based upon the information provided herein; due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice order to arrive at an informed investment decision. Entities & their associates shall not be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including loss of profits, arising in any way from the information contained in this material. Entities & their associates including persons involved in the preparation or issuance of this material may from time to time have long or short positions in and buy or sell the securities there of, of company(ies)/ specific economic sectors mentioned herein. NAV of the plan/option of certain schemes are not provided for certain cases as the NAV was not computed because there were no investors as on the date on which the NAV details are provided.
Exit load levied on the Units redeemed will be the rate prevailing at the time of the allotment of the Units. For Special products registrations, load for each transaction is based on the load structure applicable as on the registration date.
^Total Expense Ratio - As on last day of the month & includes additional expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Service Tax on Management Fees.
@ Tracking Error - 3 years Annulised Tracking Error based on daily returns.
Withholding Tax on distributed income by Mutual Fund Scheme: The Finance Act, 2020 has abolished dividend distribution tax on Income distribution by Mutual Fund scheme. W.e.f. 01.04.2020 any income distribution by Mutual fund scheme is taxable in the hands of investor and mutual fund scheme is required to withhold tax on such income distribution as per applicable tax rate.
Applicability of Stamp Duty on Mutual Fund Transactions:Stamp duty @ 0.005% of the transaction value would be levied on applicable mutual fund transactions, with effect from July 01, 2020.
Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase/switch-in transactions (including IDCW reinvestment) to the unitholders would be reduced to that extent. Kindly refer notice cum addendum no. 30, dated June 30, 2020.
Kindly refer addendum no. 63 dated September 28, 2012 for details about discontinued plan. Direct plan got introduced w.e.f. 01/01/2013. Kindly refer addendum no. 95 dated December 31, 2012 for details about direct plan.
Kindly refer addendum no. 66 dated June 11, 2015 for details about discontinued bonus plan/option.
Scheme Related Disclosures
Pursuant to SEBI Circular No SEBI/HO/IMD/IMD-II DF3/P/CIR/2021/652 dated October 27, 2021 on “Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes”,there are changes in the Benchmark wef. 1st December 2021 for few of the Nippon India Funds. Kindly refer notice cum addendum no. 88 dated Nov 30, 2021 and notice cum addendum no. 91 dated Dec 04, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 90, dated Dec 03, 2021.
Pursuant to SEBI Circular no: SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated June 7, 2021 on “Potential Risk Class Matrix for debt schemes based on Interest Rate Risk and Credit Risk”, Nippon India Mutual Fund (“NIMF”)/ Nippon Life India Asset Management Limited (“NAM India”) has positioned its debt schemes in terms of PRC matrix consisting of parameters based on maximum interest rate risk (measured by Macaulay Duration of the scheme) and maximum credit risk (measured by Credit Risk Value of the scheme) w.e.f December 01, 2021. Kindly refer notice cum addendum no. 87 dated Nov 30, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 82, dated Nov 03, 2021.
For change in features of SIP Insure, kindly refer notice cum addendum no 78, dated Oct 16, 2021.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 75, dated Oct 06, 2021.
For change in Fund Managers for few of the scheme of Nippon India Mutual Fund w.e.f. Sep 27, 2021 kindly refer notice cum addendum no. 72 dated Sep 24, 2021.
For revision in Exit Load Structure of Nippon India US Equity Opportunities Fund w.e.f. Sep 20, 2021 kindly refer notice cum addendum no. 70 dated Sep 16, 2021.
For revision in Minimum Application Amount, Minimum Additional Investment, Minimum Switch Amount w.e.f. Sep 20, 2021 kindly refer notice cum addendum no. 70 dated Sep 16, 2021.
For change in Fund Managers for few of the scheme of Nippon India Mutual Fund w.e.f. Sep 10, 2021 kindly refer notice cum addendum no. 67 dated Sep 09, 2021
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no. 65, dated Sep 06, 2021.
Pursuant to the SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/172 dated September 11, 2020 for “Asset Allocation of Multi Cap Funds”, for changes in Asset Allocation Pattern & Benchmark of Nippon India Multi Cap Fund. Fund w.e.f. Jan 29, 2021, kindly refer notice cum addendum no.101, dated Jan 14, 2021.
Pursuant to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 5, 2020 on “Product Labeling in Mutual Fund schemes – Risk-o-meter”, kindly refer notice cum addendum no. 98, dated Jan 8, 2021 for revision in Risk-o-meters of the funds.
For revision in Exit load for Nippon India Dynamic Bond Fund w.e.f. Nov 25, 2020, kindly refer notice cum addendum no. 87, dated Nov 24, 2020.
In schemes with investments in floating rate bonds, valuation of FRB issued by Government of India is as per CCIL and all other floating rate bonds are based on valuation provided by AMFI approved valuation agencies.
Pursuant to notice cum addendum no 81 dated October 30, 2021, for investments made by designated employees in terms of SEBI circular dated April 28, 2021, and September 20, 2021, requirement for minimum application/ redemption amount will not be applicable.
For Inclusion of provision related to Premature redemption in case of transmission and modification in sections related to Lock-in period & maximum entry age for subscription in Nippon India Retirement Fund, kindly refer notice cum addendum no.83, dated Nov 09, 2020.
With a view to bring uniformity in returns of the schemes and their respective benchmarks from currency perspective, the returns of S&P 500 and Topix (Tokyo Price Index) along with respective underlying schemes i.e. Nippon India US Equity Opportunities Fund and Nippon India Japan Equity Fund are published in INR terms.
For changes in the Name of Asset Management Company (AMC) & Trustee Company from Reliance Nippon Life Asset Management Limited to “Nippon Life India Asset Management Limited” w.e.f. January 13, 2020 and the name of the Trustee Company of NIMF, from Reliance Capital Trustee Co. Limited to “Nippon Life India Trustee Limited” w.e.f. January 15, 2020, kindly refer notice cum addendum no. 126, dated January 15, 2020.
Nippon Life Insurance Company (“NLI”), which is a mutual company incorporated and existing under the laws of Japan, has acquired 75% stake in Reliance Mutual Fund (RMF) and has now become the ‘sole sponsor’ of RMF. As a result of this acquisition and in order to appropriately associate the name of the Mutual Fund with its current sponsor, the fund house is now named as Nippon India Mutual Fund. The names of all the existing schemes has changed by substituting the word ‘Reliance’ prefixed before each scheme name with ‘Nippon India’. Investors are further, requested to refer addendum No. 76 dated September 27, 2019 and addendum No. 78 dated October 1, 2019.
For Completion of “Proposed Transaction” as referred in our Notice Cum Addendum No. 56 dated August 21, 2019 , kindly refer to Notice cum Addendum 78, dated 1st Oct, 2019.
For Revision in the fresh subscription limit through SIP or STP or such other special product from Rs. 1 lakh to Rs. 5 lakhs in Nippon India Small Cap Fund wef. Oct 18 2019, kindly refer notice cum addendum no. 82 dated Oct 11, 2019.
*Reliance Focused Large Cap Fund was merged into Reliance Mid & Small Cap Fund and the merged scheme was renamed as Nippon India Focused Equity Fund (formerly Reliance Focused Equity Fund) (‘Scheme’) with effect from April 28, 2018. In line with SEBI circular SEBI/HO/IMD/DF3/CIR/P/2018/69 dated April 12, 2018, since the Scheme did not retain the features of either the transferor or transferee scheme, the performance has been provided herein since the effective date i.e. April 28, 2018.
The investors of Nippon India Gold Savings Fund & Nippon India Junior BeES FOF will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying scheme.
Disclaimer: The Fact sheet “Fundamentals” is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees, associates or representatives (“entities & their associates”) do not assume any responsibility for, or warrant the authenticity, accuracy, completeness, adequacy and reliability of such information. Whilst no action has been solicited based upon the information provided herein; due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice order to arrive at an informed investment decision. Entities & their associates shall not be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including loss of profits, arising in any way from the information contained in this material. Entities & their associates including persons involved in the preparation or issuance of this material may from time to time have long or short positions in and buy or sell the securities there of, of company(ies)/ specific economic sectors mentioned herein. NAV of the plan/option of certain schemes are not provided for certain cases as the NAV was not computed because there were no investors as on the date on which the NAV details are provided.