NIPPON SIP+

SIP+ uses an in-house Proprietary Quant Model to dynamically allocate the SIP instalments based on the current market conditions. The monthly instalments are determined based on the result of the algorithm, which indicates if the markets are cheap or expensive. SIP+ seeks to generate better return ‘per unit of investment’ through dynamic optimal allocation. The investment amount can vary between 03X to 3X of the investment amount. So, say an investor decides the base amount to be Rs.20,000, then the monthly instalment will vary between Rs.6000 to Rs. 60,000

SIP+ has all the benefits of a normal SIP, like the power of compounding, periodic investing, the habit of saving, long-term wealth creation and rupee cost averaging. Additionally, it also gives the investor the benefit of rupee cost averaging as they can buy more when markets are low and vice versa. SIP+ allocates the instalment intelligently, which can offer the better returns on the investment. SIP+ tends to times the market, so it may offers the maximum benefits of equity investing. The other benefit it offers to investors is the flexibility of investment. Once the investor decides the base amount, the monthly instalments will vary based on the current markets.

A regular SIP investment means a fixed sum of money is invested throughout the period of investment. So if an investor starts with a SIP of Rs. 5000, they will keep investing Rs. 5000 every month. However, with SIP+, the investor decides the base amount of investment; depending on the market, the amount will vary between 0.3X to 3X. SIP+ times the markets and invests dynamically,. Regular SIPs buy and hold an investments, whereas SIP+ buys low and sells high, which potentially tend to fetches better returns.

The base amount is what an investor decides to invest. Just like in a regular SIP, a fixed sum is decided. Based on this amount, the minimum and maximum instalments will be decided. The investor must decide the amount based on the investible funds, financial goals, risk appetite and investment horizon. Also, if the base amount is high, then the maximum instalment will be 3 times that will be considered.

The SIP+ amount is variable as the NIMF’s Quant-based Proprietary model determines it. The range within which the amount will vary will be 0.3X to 3X of the base amount as the investor decides. So, depending on the markets, the amount of SIP+ will vary. If markets go up, investment may go low and vice versa.

SIP+ is the investment mode for an investor, just like an investor can opt for SIP or a lump sum amount in the case of regular investments. Hence the exit load that applies to the fund an investor chooses to invest through a SIP+ will be the exit load applicable.

SIP+ is an intelligent investment feature that uses tools to determine how much should be invested to make the most of the market conditions. Based on factors like PE (Price to Earnings ratio) and market indexes, the algorithm determines the market condition and concludes if it is time to buy more or buy normal or hold off buying. Hence monthly instalments will vary. The minimum amount is 0.3X of the base amount, and the maximum amount is 3X of the base amount. So, for a base amount of Rs.8000, the minimum amount will be Rs.2400, and the maximum amount will be Rs.24,000.

Mutual Fund investment can be made by investors who are above the age of 18. However, suppose parents or guardians want to start a folio in the name of the minor. In that case, it can be done by submitting certain proofs like evidence of the minor’s age, like a passport or birth certificate, and proof of the minor’s relationship with the parent or guardian.

• Minimum Amount, Frequency, SIP dates, Instalment & eligible schemes criteria is mentioned as under.

Eligible Schemes	Minimum Base Amount	Minimum No of Instalments.	Sip Dates
Nippon India Index Fund - Nifty 50 Plan	Rs. 1000/- and in multiples of Rs.500/-.	12 Installments.	10th or 28th of every month
Nippon India Index Fund - S&P BSE Sensex Plan
Nippon India Nifty Smallcap 250 Index Fund
Nippon India Nifty Midcap 150 Index Fund

• SIP+ Feature is offered for SIPs with monthly frequency only.

• Only single SIP+ will be accepted in same Folio, Scheme, Plan & Option.

• One Time Bank Mandate to be submitted along with the SIP+ application form. SIP+ will be allowed only where OTBM is registered & OTBM cap amount should be thrice of the SIP base amount.

• SIP+ is available for all the plans and options i.e., Growth/IDCW and Direct/Regular under eligible schemes.

• From the first SIP+ installment onwards, the investment amount shall be computed as per the Model.

• Once the SIP+ has been stopped the unit holder needs to provide a new request to start SIP+.

• The redemption/ switch-out of units allotted in the designated Scheme shall be processed on First in First out (FIFO) basis. If there are redemption or switch transactions processed from units created under SIP+ during the tenure of SIP+, the SIP+ will be rejected and future SIP’s will be suspended.

• Facilities likes Step Up, SIP Insure, Pause, Mid-way Step up, Portfolio SIP, Modify SIP and Flex SIP are not allowed for SIP+.

• In case of applicability of transaction charges, SIP amount will be calculated against as on date allotted units.

• Under SIP+ Change of Bank (COB) of OTBM will be allowed.

• SIP+ will get terminated after 3 Consecutive rejections with reason insufficient funds.