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 - 1 year Annualised Tracking Error based on daily returns. For the schemes which are yet to complete 1 year, Annualised Tracking Error is based on the data available.
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.
As per AMFI Best Practices Guidelines Circular No. AMFI/ 35P/ MEM-COR/ 72 / 2022-23 dated December 31, 2022 on Standard format for disclosure Portfolio YTM for Debt Schemes, Yield of the instrument is disclosed on annualized basis as provided by Valuation agencies.
Scheme Related Disclosures
For Discontinuation of ‘ACCEPTANCE OF “CASH’’ AS A MODE OF SUBSCRIPTION’ facility in all eligible schemes of Nippon India Mutual Fund ("NIMF") wef. Feb 06, 2023, kindly refer notice cum addendum no 78 dated Feb 03, 2023
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 77, dated Feb 02, 2023.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Feb 01, 2023, kindly refer notice cum addendum no 75 dated Jan 30, 2023.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 71, dated Jan 04, 2023.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Jan 01, 2023, kindly refer notice cum addendum no 70 dated Dec 30, 2022.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 59, dated Dec 05, 2022.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Dec 01, 2022, kindly refer notice cum addendum no 58, dated Nov 30, 2022 and wef. Dec 09, 2022, kindly refer notice cum addendum no 63, dated Dec 08, 2022
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Nov 14, 2022, kindly refer notice cum addendum no 55, dated Nov 11, 2022 and wef. Dec 08, 2022, kindly refer notice cum addendum no 62, dated Dec 07, 2022.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 52, dated Nov 04, 2022.
For Discontinuation of ‘Nippon India Any Time Money Card’ in all eligible schemes of NIMF wef. Jul 04, 2022, kindly refer notice cum addendum no 26, dated Jun 27, 2022.
For Discontinuation of ‘Nippon India SIP Insure’ in designated schemes of NIMF wef. Jun 23, 2022, kindly refer notice cum addendum no 24, dated Jun 21, 2022.
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, S&P Japan 500 TRI and Taiwan Capitalization Weighted Stock Index (TAIEX) (along with respective underlying schemes i.e. Nippon India US Equity Opportunities Fund, Nippon India Japan Equity Fund and Nippon India Taiwan Equity Fund are published in INR terms.
*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 Fund of Funds (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 - 1 year Annualised Tracking Error based on daily returns. For the schemes which are yet to complete 1 year, Annualised Tracking Error is based on the data available.
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.
As per AMFI Best Practices Guidelines Circular No. AMFI/ 35P/ MEM-COR/ 72 / 2022-23 dated December 31, 2022 on Standard format for disclosure Portfolio YTM for Debt Schemes, Yield of the instrument is disclosed on annualized basis as provided by Valuation agencies.
Scheme Related Disclosures
For Discontinuation of ‘ACCEPTANCE OF “CASH’’ AS A MODE OF SUBSCRIPTION’ facility in all eligible schemes of Nippon India Mutual Fund ("NIMF") wef. Feb 06, 2023, kindly refer notice cum addendum no 78 dated Feb 03, 2023
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 77, dated Feb 02, 2023.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Feb 01, 2023, kindly refer notice cum addendum no 75 dated Jan 30, 2023.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 71, dated Jan 04, 2023.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Jan 01, 2023, kindly refer notice cum addendum no 70 dated Dec 30, 2022.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 59, dated Dec 05, 2022.
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Dec 01, 2022, kindly refer notice cum addendum no 58, dated Nov 30, 2022 and wef. Dec 09, 2022, kindly refer notice cum addendum no 63, dated Dec 08, 2022
For changes in Fund Manager(s) for few of the Scheme(s) of Nippon India Mutual Fund wef. Nov 14, 2022, kindly refer notice cum addendum no 55, dated Nov 11, 2022 and wef. Dec 08, 2022, kindly refer notice cum addendum no 62, dated Dec 07, 2022.
For revision in Risk-o-meters for few of the schemes of Nippon India Mutual Funds, kindly refer notice cum addendum no 52, dated Nov 04, 2022.
For Discontinuation of ‘Nippon India Any Time Money Card’ in all eligible schemes of NIMF wef. Jul 04, 2022, kindly refer notice cum addendum no 26, dated Jun 27, 2022.
For Discontinuation of ‘Nippon India SIP Insure’ in designated schemes of NIMF wef. Jun 23, 2022, kindly refer notice cum addendum no 24, dated Jun 21, 2022.
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, S&P Japan 500 TRI and Taiwan Capitalization Weighted Stock Index (TAIEX) (along with respective underlying schemes i.e. Nippon India US Equity Opportunities Fund, Nippon India Japan Equity Fund and Nippon India Taiwan Equity Fund are published in INR terms.
*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 Fund of Funds (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.