Description
Nippon India Nifty India Manufacturing Index Fund has been reopened for ongoing subscription and redemption with SIP, STP & SWP facilities effective August 29, 2025.
Summary
Nippon India Nifty India Manufacturing Index Fund has been reopened for ongoing subscription and redemption transactions on BSE StAR MF Platform effective August 29, 2025. The fund offers both Regular and Direct plans across Growth, IDCW Payout, and IDCW Reinvestment options, with additional facilities for SIP, STP, and SWP.
Key Points
- Fund reopened after previous suspension (referenced Notice No 20250805-29)
- Six scheme variants available covering Regular and Direct plans
- All variants categorized as Equity funds
- SIP (Systematic Investment Plan), STP (Systematic Transfer Plan), and SWP (Systematic Withdrawal Plan) facilities enabled
- Manufacturing sector focused index fund
Regulatory Changes
No regulatory changes - this is a operational update regarding fund availability.
Compliance Requirements
- Members must update their systems to reflect fund availability
- Standard mutual fund transaction compliance applies
Important Dates
- Effective Date: August 29, 2025
- Notice Date: August 28, 2025
Impact Assessment
Positive impact for investors seeking exposure to India’s manufacturing sector through index funds. Provides additional investment options on BSE StAR MF Platform with systematic investment facilities. Limited broader market impact as this is fund-specific operational update.
Impact Justification
Reopening of mutual fund for transactions affects investment opportunities but has limited broader market impact