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Change in fundamental attributes of Nippon India Multi Asset Fund

Change in fundamental attributes of Nippon India Multi Asset Fund

Nippon India Mutual Fund has announced some change in the fundamental attributes of Nippon India Multi Asset Fund:

  • The scheme name will change from Nippon India Multi Asset Fund to Nippon India Multi Asset Allocation Fund.
  • Silver ETF has been added in the type of instruments where the scheme can invest. As a result, the type of scheme will change to "An open ended scheme investing in Equity, Debt and Exchange Traded Commodity Derivatives and Gold ETF & Silver ETF".
  • The scheme has also increased the permissible maximum debt allocation from 20 per cent to 35 per cent.

Revised indicative asset allocation (% of total assets)

Instruments Minimum Maximum
Equity & Equity related securities (including overseas securities /Overseas ETF) 50% 80%
Debt & Money Market Instruments 10% 35%
Gold ETF, Silver ETF & ETCD 10% 30%

These changes will come into effect from July 24, 2024.
As per the regulatory requirements, unit holders of the scheme have been given an exit window of 30 days from June 24, 2024 to July 23, 2024. Investors who do not consent to these changes have an option in this period to either switch or redeem their investments without paying any exit load. No action is required to be taken by investors who don't have any objection to the proposed change.


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