The offering will invest 50% of its assets in Indian equities, 20% in international equities, 15% in commodities; NFO opens on Aug 7 and closes on Aug 21
Read MoreThe debt fund schemes had segregated the exposure to Vodafone Idea after writing down its value to zero; now investors will be paid back the money in next few days
Read MoreFor Nippon India, this is 4th issuer for which segregated portfolios are being made after Vodafone Idea, Reliance Capital, and Altico in the last seven months
Read MoreThis is for the first time in the history of the Indian banking sector that a bank’s tier 1 bonds is being written down at the ‘point of non-viability’
Read MoreCARE Ratings downgraded Vodafone Idea debt to below investment grade rating of BB minus forcing UTI MF and Nippon India MF side-pocket the debt
Read MoreFranklin Templeton MF remains the sole fund-house to have bitten the bullet by creating side pocket for Vodafone Idea holdings
Read MoreUTI Credit Risk hit the hardest with over 10% NAV drop
Read MoreThe part recovered amount is 6% of the total exposure of Nippon India Ultra Short Duration Fund to the troubled NBFC Altico Capital
Read MoreNippon Life Insurance has announced Nippon India Mutual Fund’s integration into their global unified asset management fold
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