Nippon India Mutual Fund changes scheme name and benchmark

Nippon India mutual Fund has announced the following changes to two of its schemes, effective from May 05, 2025:

• 'Nippon India Passive Flexicap FoF' will now be renamed as 'Nippon India Diversified Equity Flexicap Passive FoF'.
  
• 'Nippon India Asset Allocator FoF' will be renamed 'Nippon India Multi Asset Active FoF'.
  Additionally, its benchmark will change from '90% CRISIL Hybrid 50+50 - Moderate Index + 10% of Domestic prices of Gold' to '45% of Nifty 500, 45% of Crisil Short Term Bond Index & 10% of Domestic prices of Gold'.