Nippon India Nifty India Manufacturing ETF

SECTION I Nippon India Nifty India Scheme Information Manufacturing ETF Document (An open-ended scheme replicating/ tracking Nifty India Manufacturing Index) (Scrip Code NSE and BSE: _____________) (scrip code to be updated after listing of units of the Scheme) Product Label This product is suitable for investors who are Scheme Riskometer: Benchmark Riskometer: seeking*: Nippon India Nifty India Manufacturing ETF Nifty India Manufacturing TRI • Long Term Capital Growth • Investment in equity and equity related securities and portfolios replicating the composition of Nifty India Manufacturing Index, subject to tracking errors. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made Offer of Units of Rs. 10/- each for cash during the during the New Fund Offer and Continuous offer for Units at NAV based prices New Fund Offer Opens New Fund Offer Closes Scheme re-opens xxxx xxxx xxxx The particulars of the Scheme have been prepared in accordance with the NAME OF MUTUAL FUND Securities and Exchange Board of India (Mutual Funds) Regulations 1996, Nippon India Mutual Fund (NIMF) (herein after referred to as SEBI (MF) Regulations) as amended till date, and circulars issued thereunder filed with SEBI, along with a Due Diligence Certificate from the Asset Management Company. The units being offered for NAME OF ASSET MANAGEMENT COMPANY public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. Nippon Life India Asset M anagement Limited (NAM India) CIN : L65910MH1995PLC220793 The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information NAME OF TRUSTEE COMPANY Document after the date of this Document from the Mutual Fund / Investor Service Centres /Website / Distributors or Brokers. Nippon Life India Trustee Limited (NLITL) The investors are advised to refer to the Statement of Additional Information CIN : U65910MH1995PLC220528 (SAI) for details of Nippon India Mutual Fund, Standard Risk Factors, Special Consideration, Tax and Legal issues and general information on https://mf.nipponindiaim.com.SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current Registered Office (NIMF, NAM India, NLITL) SAI, please contact your nearest Investor Service Centre or log on to our 4th Floor, Tower A, Peninsula Business Park, website. Ganapatrao Kadam Marg , Lower Parel (W), The Scheme Information Document (Section I and Section II) should be read Mumbai - 400 013. in conjunction with the SAI and not in isolation. Tel No. +91 022 6808 7000 The Scheme Information Document of Nippon India Nifty India Manufacturi ng ETF, Fax No. +91 022 6808 7097 had been approved by the Board of Nippon Life India Trustee Limited on December 16, 2024. Scheme Information Document is dated July 11, 2025. 1 Website : https://mf.nipponindiaim.comDisclaimer: 1. Disclaimers by BSE “BSE Ltd. (“the Exchange”) has given vide its letter no. LO/IPO/AG/MF/IP/66/2024-25 Dated January 24, 2025 permission to Nippon India Mutual Fund to use the Exchange’s name in this SID as one of the Stock Exchanges on which this Mutual Fund’s Unit are proposed to be listed. The Exchange has scrutinized this SID for its limited internal purpose of deciding on the matter of granting the aforesaid permission to Nippon India Mutual Fund. The Exchange does not in any manner: - i) warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or ii) warrant that this scheme’s unit will be listed or will continue to be listed on the Exchange; or iii) take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its management or any scheme or project of this Mutual Fund; and it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange. Every person who desires to apply for or otherwise acquires any unit of Nippon India Nifty India Manufacturing ETF of this Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/acquisition whether by reason of anything stated or omitted to be stated herein or for any other reason whatsoever”.. 2. Disclaimers by NSE "As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter NSE/LIST/5765 dated January 23, 2025, permission to the Mutual Fund to use the Exchange's name in this Scheme Information Document as one of the stock exchanges on which the Mutual Fund's units are proposed to be listed subject to, the Mutual Fund fulfilling various criteria for listing. The Exchange has scrutinized this Scheme Information Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's units will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of the Mutual Fund, its sponsors, its management or any scheme of the Mutual Fund. Every person who desires to apply for or otherwise acquire any Units of the Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such Subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever. 3. Disclaimer of NSE Indices Limited: a. “The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (“IISL”)). NSE Indices Limited does not make any representation or warranty, express or implied to the Unit holders of any product or any member of the public regarding the advisability of investing in Securities generally or in any product particularly or the ability of the underlying index to track general stock market performance in India. The relationship of NSE Indices Limited to Nippon Life India Asset Management Limited (NAM India) is only in respect of the licensing of certain trademarks and trade-names of the underlying index which is determined, composed and calculated by NSE Indices Limited without regard to the NAM India or any product. NSE Indices Limited has no obligation to take the needs of the NAM India or the Unit holders of the products into consideration in determining, composing or calculating the underlying index. NSE Indices Limited is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the products to be issued or in the determination or calculation of the equation by which the products are to be converted into cash. NSE Indices Limited has no obligation or liability in connection with the administration or marketing or trading of the products.” b. “NSE Indices Limited does not guarantee the accuracy and/or the completeness of the underlying index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. NSE Indices Limited makes no warranty, express or implied, as to the results to be obtained by the NAM India, Unit holders of the products or any other persons or entities from the use of the underlying index or any data included therein. NSE Indices Limited makes no express or implied warranties and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the underlying index or any data included therein. Without limiting any of the foregoing, in no event shall NSE Indices Limited have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it. 2CONTENTS SECTION I ........................................................................................................................................................................................................... 1 PART I. HIGHLIGHTS/SUMMARY OF THE SCHEME ......................................................................................................................................... 4 PART II. INFORMATION ABOUT THE SCHEME .............................................................................................................................................. 10 A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ........................................................................................................................ 10 B. WHERE WILL THE SCHEME INVEST? ................................................................................................................................................ 11 C. WHAT ARE THE INVESTMENT STRATEGIES? .................................................................................................................................. 11 D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ....................................................................................................... 12 E. WHO MANAGES THE SCHEME? ......................................................................................................................................................... 12 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? ........................................................... 12 G. HOW HAS THE SCHEME PERFORMED .............................................................................................................................................. 13 H. ADDITIONAL SCHEME RELATED DISCLOSURES ............................................................................................................................. 13 PART III - OTHER DETAILS .............................................................................................................................................................................. 15 A. COMPUTATION OF NAV ...................................................................................................................................................................... 15 B. NEW FUND OFFER (NFO) EXPENSES ................................................................................................................................................ 16 C. ANNUAL SCHEME RECURRING EXPENSES ..................................................................................................................................... 16 D. LOAD STRUCTURE .............................................................................................................................................................................. 17 I. INTRODUCTION ................................................................................................................................................................................... 19 A. DEFINITIONS/INTERPRETATION ........................................................................................................................................................ 19 B. RISK FACTORS .................................................................................................................................................................................... 19 C. RISK MITIGATION STRATEGIES ......................................................................................................................................................... 24 II. INFORMATION ABOUT THE SCHEME ............................................................................................................................................... 26 A. WHERE WILL THE SCHEME INVEST .................................................................................................................................................. 26 B. WHAT ARE THE INVESTMENT RESTRICTIONS?............................................................................................................................... 27 C. FUNDAMENTAL ATTRIBUTES ............................................................................................................................................................ 30 D. INDEX METHODOLOGY ....................................................................................................................................................................... 30 E. PRINCIPLES OF INCENTIVE STRUCTURE FOR MARKET MAKERS (FOR ETFS) ............................................................................ 33 F. FLOORS AND CEILING WITHIN A RANGE OF 5% OF THE INTENDED ALLOCATION AGAINST EACH SUB CLASS OF ASSET, AS PER CLAUSE 13.6.2 OF SEBI MASTER CIRCULAR FOR MUTUAL FUNDS DATED JUNE 27, 2024 (ONLY FOR CLOSE ENDED DEBT SCHEMES) ................................................................................................................................................................................. 34 G. OTHER SCHEME SPECIFIC DISCLOSURES: ..................................................................................................................................... 34 III. OTHER DETAILS .................................................................................................................................................................................. 51 A. IN CASE OF FUND OF FUNDS SCHEME, DETAILS OF BENCHMARK, INVESTMENT OBJECTIVE, INVESTMENT STRATEGY, TER, AUM, YEAR WISE PERFORMANCE, TOP 10 HOLDING/ LINK TO TOP 10 HOLDING OF THE UNDERLYING FUND SHOULD BE PROVIDED- NOT APPLICABLE ..................................................................................................................................................... 51 B. PERIODIC DISCLOSURES SUCH AS HALF YEARLY DISCLOSURES, HALF YEARLY RESULTS, ANNUAL REPORT .................. 51 C. TRANSPARENCY/NAV DISCLOSURE ................................................................................................................................................ 52 D. TRANSACTION CHARGES AND STAMP DUTY - INDICATE ONLY THE AMOUNT OF TRANSACTION CHARGES AND STAMP DUTY APPLICABLE. ............................................................................................................................................................................ 53 E. ASSOCIATE TRANSACTIONS ............................................................................................................................................................. 53 F. TAXATION FOR EQUITY ORIENTED SCHEMES ................................................................................................................................. 53 G. RIGHTS OF UNITHOLDERS ................................................................................................................................................................. 53 H. LIST OF OFFICIAL POINTS OF ACCEPTANCE ................................................................................................................................... 53 I. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY ............................... 53 3Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description Name of the scheme Nippon India Nifty India Manufacturing ETF I. Category of the Other - ETFs II. Scheme Scheme type An open-ended scheme replicating/ tracking Nifty India Manufacturing Index III. Scheme code IV. Investment objective The investment objective of the scheme is to provide investment returns that commensurate to the total returns V. of the securities as represented by the Nifty India Manufacturing Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved. VI. Liquidity/listing details Liquidity All investors including Authorised Participants/Market Makers, Large Investors and other investors may sell their units in the Bombay Stock Exchange (BSE) and / or National Stock Exchange of India Limited or any other stock exchange(s) on which these units are listed on all the trading days of the stock exchange. Alternatively Authorised Participants/Market Makers and Large Investors can directly buy /sell in blocks from the fund in ‘Creation Unit’ Size, as defined below. Additionally, in case of large investors, the execution value for direct Subscription / Redemption with the Fund shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961, till August 31, 2025 or as specified in the Regulations time to time). Listing The units of Nippon India Nifty India Manufacturing ETF shall be listed on National Stock Exchange of India Limited and BSE Limited or any other recognized Exchanges as may be decided from time to time. The trading will be as per the normal settlement cycle. The AMC reserves the right to list the units of the Scheme on any other recognized stock exchange. Nifty India Manufacturing TRI. VII. Benchmark (Total Return Index) The scheme is an Exchange Traded Fund (ETF). The composition of the benchmark is such that it is most suited for comparing performance of the scheme. Total Return variant of the index (TRI) will be used for performance comparison. The NAV will be calculated and disclosed at the close of every Business Day and uploaded on the AMFI website VIII. NAV disclosure www.amfiindia.com and Nippon India Mutual Fund website i.e. https://mf.nipponindiaim.com by 11.00 p.m. on the day of the declaration of the NAV. Further, AMC shall extend facility of sending latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. In case of delay beyond 11.00 p.m., the reasons for delay would be explained in writing to AMFI and SEBI. If the NAVs are not available before commencement of business hours on the following day due to any reason, Mutual Fund shall issue a press release providing reasons and explaining when the Mutual Fund would be able to publish the NAVs. In addition to above, the indicative NAV (iNAV) will be updated on AMC’s website during market hours as per Clause no. 3.6.5 of SEBI Master circular dated June 27, 2024. Further Details in Section II. IX. Applicable timelines Timeline for Dispatch of redemption proceeds The Fund will transfer the Redemption proceeds within 3 Working Days from the date of acceptance of the Redemption request. In case of exceptional situations listed in AMFI Circular No.AMFI/35P/MEM-COR/74/2022- 23 dated January 16, 2023, redemption payment would be made within the permitted additional timelines. Timeline for Dispatch of IDCW (if applicable) etc The IDCW declared will be paid net of tax deducted at source, wherever applicable, to the Unit holders within 7 working days from the Record date. The amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains 4X. Plans and Options The Scheme does not offer any Plans/Options for investment.. However, Unit holders are requested to note that the Trustees may at their absolute discretion reserve the right to declare IDCW from time to time (which will be Plans/Options and sub paid out to the Unit holders) in accordance with the IDCW Policy set out below. The AMC and the Trustees options under the reserve the right to introduce such other plans/options as they deem necessary or desirable from time to time, in Scheme accordance with the SEBI Regulations. XI. Load Structure Exit Load – Not Applicable Minimum Application Amount during NFO: XII. Minimum Application Amount/switch in Rs.1,000 & in multiples of Re.1 thereafter On Continuous Basis: Directly with Fund The facility of creating units in Creation Unit size is available to the Authorised Participants/ Market Makers (whose names will be available on our website https://mf.nipponindiaim.com / https://etf.nipponindiaim.com) and Large Investors. However, in case of large investors, the execution value shall be greater than Rs. 25 crores. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. Minimum number of Units (Creation Units) – 1,00,000 Units and in multiples thereof On the Exchange - The minimum number of Units that can be bought by the Investors on the Exchange is 1 (one) Unit and in multiples thereof. Minimum Switch Amount Will be as per the minimum application amount in the respective scheme which may have been opted by the Investor for switching the units/amount where the switch facility is available. A. Switch-in facility into applicable ETF schemes from eligible open-ended (Non-ETF) Liquid and Debt/Income Schemes For availing this facility, Investors are requested to note the following operational modalities: a) Based on number of baskets the Investor wants to switch in to the ETF scheme, switch-out amount from Liquid or Debt/Income Fund should be calculated to nearest Basket lot size so that the minimum Switch -in amount as on switch-in date is greater than Rs. 25 crores as per the Intra-day NAV b) Switch-In to the ETF Scheme will be in terms of number of basket/ Creation Lot specified in the application form subject to minimum Switch-in amount of greater than Rs. 25 crores c) Switch transaction will be processed at the applicable NAV of the switch- out scheme and only if the value is available in the switch-out scheme. d) The applicability of the NAV in the ETF (transferee) Scheme will be the Intra day NAV of the business day on which the Funds are realized in Scheme’s account before the cut-off time. e) In case the value of Intra-Day NAV X no. of applicable Creation Lot is greater than the Switch Funding amount, the Switch-In transaction will be rejected and the entire amount will be paid to the investor. f) Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF units) should be same. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. XIII. Minimum Additional Not Applicable Purchase Amount Directly with Fund XIV. Minimum Redemption/switch The facility of redeeming units in Creation Unit size is available to the Authorised Participants/ Market Makers out amount (whose names will be available on our website https://mf.nipponindiaim.com / https://etf.nipponindiaim.com) and Large Investors. However, in case of large investors, the execution value shall be greater than Rs. 25 crores. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. Investors can directly approach the AMC for redemption of units of ETFs, for transaction of up to Rs. 25 crores without any exit load, in case of the following scenarios: i Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or ii No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or iii Total bid size on the exchange is less than half of creation unit size daily, averaged over a period of 7 consecutive trading days. In case of the above scenarios, applications received from investors for redemption up to 3.00 p.m. on any trading day, shall be processed by the AMC at the closing NAV of the day of receipt of application within the above cut- off time, such instances shall be tracked by Nippon India AMC on an ongoing basis and in case if any of the 5above mentioned scenario arises the same shall be disclosed on the website of Nippon India Mutual Fund i.e. https://mf.nipponindiaim.com / https://etf.nipponindiaim.com. On the Exchange – The Units of the Scheme can be sold in round lot of 1 Unit and multiples thereof. Minimum Switch Amount Will be as per the minimum application amount in the respective scheme which may have been opted by the Investor for switching the units/amount where the switch facility is available. A. Switch-out facility from applicable ETF schemes to eligible open-ended (Non-ETF) Equity, Liquid and Debt/Income Schemes. For availing this facility, investors are requested to note the following operational modalities: a. Switch-out from the Scheme will be allowed only in terms of Basket size (unit) and subject to minimum Switch -out amount of greater than INR 25 Cr. b. Switch transaction will be processed subject to availability of all details as per regulatory guidelines. c. Switch out transaction will be processed at the Intra day NAV of the switch- out scheme d. The applicability of the NAV in the transferee Scheme will be the Intra day NAV of the business day on which the Funds are realized in Scheme’s account before cut-off time. e. In case of any rejection in Switch-in to the transferee Scheme, the amount will be paid to the investor as redemption proceeds. f. Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF unit holding) should be same. g. Investors should have the clear balance of ETF units in their demat account for execution of the Switch- out transaction from the selected ETF Scheme. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. XV. New Fund Offer Period NFO opens on: This is the period during NFO closes on: which a new scheme Scheme re-opens for continuous sale & repurchase not later than: sells its units to the investors. The AMC/Trustee reserves the right to close the NFO of the Scheme before the above mentioned date. The AMC/Trustee reserves the right to extend the closing date of the New Fund Offer Period, subject to the condition that the New Fund Offer shall be kept open for minimum 3 working days and not more than 15 days. Any such changes shall be announced by way of issuing addendum and uploading on the website of the AMC. XVI. New Fund Offer Price: The face value of each unit of the Scheme will be Rs.10/-. This is the price per unit Offer of Units of Rs.10/- each for cash (on allotment, the value of each Unit would approximately equal to the that the investors have value of 1/100th of the value of Nifty India Manufacturing Index) to be issued at a premium, if any, approximately to pay to invest during equal to the difference between face value and allotment price during the New Fund Offer (“NFO”) and at NAV the NFO. based prices during the Ongoing Offer. XVII. Segregated The scheme has segregated portfolio disclosure. For Details Disclosure, kindly refer SAI. portfolio/side pocketing disclosure XVIII. Swing pricing Not Applicable disclosure XIX. Stock lending/short Securities Lending selling The scheme may engage in Securities Lending not exceeding 15% of the net assets of the scheme and shall not lend more than 5% of its Net Assets to a single counterparty (here counterparty means an intermediary/broker through whom we deal in securities) or such other limits as may be permitted by SEBI from time to time after seeking necessary approval, whenever required. The Scheme will not invest in Short Selling. For Details, kindly refer SAI Authorised Participants / Large Investors may submit / mail the completed application forms at any of the XX. How to Apply and Designated Investor Service Centers of Nippon India Mutual Fund. Investors in cities other than where the other details Designated Investor Service Centers (DISC) are located, may send their application forms to any of the nearest DISC. The list of the Designated Investor Service Centres (DISCs)/Official Points of Acceptance (OPAs) of the Mutual Fund are available on the website of the AMC i.e. https://mf.nipponindiaim.com. Please refer to the SAI for detailed procedure and Application form for the instructions. Please refer to Section II for more details. 6XXI. Investor services Contact details for general service requests & complaint resolution: Mr. Milind Nesarikar is the Investor Relations Officer for the Fund. All related queries should be addressed to him at the following address: Mr. Milind Nesarikar Nippon Life India Asset Management Limited 20th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400 013. Tel No. +91 022 6954 8000; Fax No. +91 022 6954 8199 Email: Milind.Nesarikar@nipponindiaim.com Online Dispute Resolution Platforms 1. SCORES SCORES is a web based centralized grievance redressal system which enables investors to lodge and follow up their complaints and track the status of redressal of such complaints online. Through this system, the investor should be able to submit his/her complaint on an online basis, which shall then be monitored and forwarded by the concerned Desk Officer(s) at SEBI to the concerned AMC’s, who would then in-turn be required to suitably redress & upload status thereof on this platform itself, within the stipulated time period. For redressal of complaints, Investors can visit www.scores.gov.in. 2. Online Dispute Resolution (ODR) Portal Pursuant to SEBI Circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/ CIR/2023/131 dated July 31, 2023 read with SEBI Circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/135 dated August 04, 2023, common Online Dispute Resolution (‘ODR’) Portal has been established in order to harnesses online conciliation and online arbitration for resolution of disputes arising in the Indian Securities Market. The investors can access the link to ODR portal viz. https://smartodr.in which is also made available on our website. XXII. Specific attribute of Not Applicable the scheme (such as lock in, duration in case of target maturity scheme/close ended schemes) (as applicable) XXIII. Special Special Products/Facilities Available during the NFO period: product/facility Switch into the Scheme available during the NFO and on ongoing The fund will offer Switch facility from applicable Schemes of Nippon India Mutual Fund (except ETF Schemes) basis to Nippon India Nifty India Manufacturing ETF during the NFO. However, NAM India reserves the right to extend or limit the said facility on such terms and conditions as may be decided from time to time. Investors who hold units in any of the schemes of Nippon India Mutual Fund except Nippon India Japan Equity Fund and Nippon India US Equity Opportunities Fund may switch all or part of their holdings to the Scheme during the NFO Period subject to the provisions in the SID of the respective transferor scheme. Switch-in requests are subject to the minimum application amount criteria specified for different investors category in this Scheme Information Document. All Switch requests during the NFO Period will be processed based on the applicable NAV of the transferor scheme as on the date of receipt/ processing of application, however, the Switch-in requests under the Scheme (Transferee Scheme) during the NFO Period will be processed on the date of the allotment of the NFO Units. If the Unit Holder has specified both the amount (in Rs.) and the number of Units, switch-out of units from the transferor scheme will be carried out based on the number of units specified by the Unit Holder Unit holders to note that in the event, the mode/ pattern of holding in the transferor scheme is different from the Demat account which is being used in the NFO purchase, the application will be liable for rejection 1. Auto Switch Facility The fund will offer an auto switch facility from all liquid and debt schemes to Nippon India Nifty India Manufacturing ETF during the NFO. However, NAM India reserves the right to extend or limit the said facility on such terms and conditions as may be decided from time to time. 2. Applications Supported by Blocked Amount (ASBA) facility 3. Transactions through website of Nippon India Mutual Fund mf.nipponindiaim.com, Nippon India Mutual Fund mobile applications and other digital assets / platforms 4. Facilitating transactions through Stock Exchange Mechanism 5. Official Points of Acceptance of Transaction through MF utility 6. Transactions through Electronic platform of KFin Technologies Limited For detailed disclosure of above special products / facilities, kindly refer SAI. 7Special facilities are available during ongoing basis: 1) Switch-in facility into applicable ETF schemes from eligible open-ended (Non-ETF) Liquid and Debt/Income Schemes For availing this facility, Investors are requested to note the following operational modalities: a) Based on number of baskets the Investor wants to switch in to the ETF scheme, switch-out amount from Liquid or Debt/Income Fund should be calculated to nearest Basket lot size so that the minimum Switch - in amount as on switch-in date is greater than Rs. 25 crores as per the Intra-day NAV b) Switch-In to the ETF Scheme will be in terms of number of basket/ Creation Lot specified in the application form subject to minimum Switch-in amount of greater than Rs. 25 crores c) Switch transaction will be processed at the applicable NAV of the switch- out scheme and only if the value is available in the switch-out scheme. d) The applicability of the NAV in the ETF (transferee) Scheme will be the Intra day NAV of the business day on which the Funds are realized in Scheme’s account before the cut-off time. e) In case the value of Intra-Day NAV X no. of applicable Creation Lot is greater than the Switch Funding amount, the Switch-In transaction will be rejected and the entire amount will be paid to the investor. f) Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF units) should be same. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. 2) Switch-out facility from applicable ETF schemes to eligible open-ended (Non-ETF) Equity, Liquid and Debt/Income Schemes. For availing this facility, investors are requested to note the following operational modalities: a) Switch-out from the Scheme will be allowed only in terms of Basket size (unit) and subject to minimum Switch -out amount of greater than Rs. 25 crores b) Switch transaction will be processed subject to availability of all details as per regulatory guidelines. c) Switch out transaction will be processed at the Intra day NAV of the switch- out ETF scheme d) The applicability of the NAV in the transferee Scheme will be the NAV of the business day on which the Funds are realized in Scheme’s account before cut-off time. e) In case of any rejection in Switch-in to the transferee Scheme, the amount will be paid to the investor as redemption proceeds. f) Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF unit holding) should be same. g) Investors should have the clear balance of ETF units in their demat account for execution of the Switch-out transaction from the selected ETF Scheme. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. XXIV. Weblink A weblink wherein TER for last 6 months, Daily TER as well as scheme factsheet shall be made available. TER : https://mf.nipponindiaim.com/investor-services/downloads/total-expense-ratio-of-mutual-fund-schemes Factsheet : https://mf.nipponindiaim.com/investor-service/downloads/factsheet-and-other-portfolio-disclosures CREATION UNIT: ‘Creation Unit’ is a fixed number of Nippon India Nifty India Manufacturing ETF, which is exchanged for a basket XXV. of shares underlying the index called the “Portfolio Deposit” and a “Cash Component”. The facility of creating / redeeming units in Creation Unit size will be available to the Authorized Participants/ Market Makers and large Investors. Additionally, in case of large investors, the execution value for direct Subscription / Redemption with the Fund shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961, till August 31, 2025 or as specified in the Regulations time to time). The list of authorized participants/ Market Makers will be available on the website of the Fund https://mf.nipponindiaim.com. Further NAM India reserves the right to modify authorised participants/ Market Makers on an ongoing basis. The number of Nippon India Nifty India Manufacturing ETF that investors can create / redeem in exchange of the Portfolio Deposit and Cash Component is 1,00,000 units and in multiples thereafter. 8The Fund may also allow Cash# subscription /redemption of Nippon India Nifty India Manufacturing ETF in creation unit size by large investors. #RTGS, NEFT or transfer cheque Face Value Rs. 10/- Per unit XXVI. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that: (i) The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time. (ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. (iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the Scheme. (iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date. (v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct (vi) AMC has complied with the set of checklist applicable for Scheme Information Document and there are no deviations from the regulations (vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable. (viii) The Trustees have ensured that Nippon India Nifty India Manufacturing ETF approved by them is a new product offered by Nippon India Mutual Fund and is not a minor modification of any existing scheme/fund/product. Sd/- Date: February 10, 2025 Name: Muneesh Sud Place: Mumbai Designation: Chief Legal & Compliance Officer 9Part II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Under normal circumstances, the anticipated asset allocation would be: Instruments Indicative asset allocation Risk Profile (% of total assets) Minimum Maximum Securities constituting Nifty India Manufacturing 95 100 Very High Cash & cash equivalents and Money Market instruments 0 5 Low to Moderate Cash Equivalents include Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days. The Scheme may invest upto 5% net assets in money market / liquid schemes of Nippon India Mutual Fund and/ or any other mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the same management company or in schemes under the management of any other AMC shall not exceed 5% of the NAV of the Mutual Fund in accordance with Clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations, 1996. The Scheme will not invest in securitized debt, ADR, GDR, Foreign Securities, ReITs and InvITs, Fund of Fund Scheme, Credit default swaps, Debt Instruments with special features (AT1 and AT2 Bonds), Debt Instruments with SO / CE, nor will it engage in short selling and Repo in corporate debt. The Fund Manager would monitor the Tracking Error of the Scheme on an ongoing basis and would seek to minimize the Tracking Error. Under normal circumstances, the AMC shall endeavor that the Tracking Error of the Scheme shall not exceed 2% per annum. There can be no assurance or guarantee that the Scheme will achieve any particular level of Tracking Error relative to performance of the underlying Index. Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period. The notional exposure of the Scheme in Equity Derivative instruments shall be restricted to 20% of total assets of equity portfolio. This will also include various derivative and hedging products to reduce the risk of the portfolio, in the manner permitted by SEBI from time to time. Such exposure to derivatives will be rebalanced within 7 days. The cumulative gross exposure through Equity shares, Money Market Instruments and Derivatives position shall not exceed 100% of the net assets of the Scheme as per Clause 12.24 and 12.25 of SEBI Master Circular dated June 27, 2024. As per SEBI Letter dated 3rd November 2021 Cash and cash equivalents having residual maturity of less than 91 Days are not considered for the purpose of calculating gross exposure limit. The scheme may engage in Securities Lending not exceeding 15% of the net assets of the scheme and shall not lend more than 5% of its Net Assets to a single counterparty (here counterparty means an intermediary/broker through whom we deal in securities) or such other limits as may be permitted by SEBI from time to time after seeking necessary approval, whenever required . Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars) Sl. No Type of Instrument Percentage Circular references of exposure 1. Securities Lending 0-15% SEBI (Mutual Funds) Regulations, 1996, Securities Lending Scheme, 1997 and Clause 12.11 of SEBI Master Circular dated June 27, 2024 2. Equity Derivatives for non- 0-20% Clause 12.25 of SEBI Master Circular dated June 27, 2024 hedging purposes 3. Derivatives for hedging 0-20% Clause 12.25 of SEBI Master Circular dated June 27, 2024 purposes 4. Securitized Debt Nil Clause 12.15 of SEBI Master Circular dated June 27, 2024 5. Overseas Securities Nil Clause 12.19 of SEBI Master Circular dated June 27, 2024 6. ReITS and InVITS Nil Clause 13 of Seventh schedule of SEBI (Mutual Funds) Regulations, 1996 7. AT1 and AT2 Bonds Nil Clause 12.2 of SEBI Master Circular dated June 27, 2024 8. Unrated debt and money 0-5% Clause 12.1.5 of SEBI Master Circular dated June 27, 2024 market instruments 9. Unlisted Non-Convertible - Clause 12.1.1 of SEBI Master Circular dated June 27, 2024 Debentures (NCDs) 10. * Unsupported rating of debt Nil Clauses 12.3.1 of SEBI Master Circular dated June 27, 2024 instruments (i.e. without factoring-in credit enhancements) is below investment grade and Supported rating of debt instruments (i.e. after factoring-in credit 10enhancement) is above investment grade at Scheme level. 11. * Unsupported rating of debt Nil Clauses 12.3.1 of SEBI Master Circular dated June 27, 2024 instruments (i.e. without factoring-in credit enhancements) is below investment grade and Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment grade for any group on debt portfolio of the schemes. 12. Repo transactions in Nil Clauses 12.18.1.1 of SEBI Master Circular dated June 27, 2024 corporate debt securities 13. Schemes of Nippon India 0-5% Clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations, 1996 Mutual Fund and/ or any other mutual fund which invest in the money market securities or Liquid Schemes * Of Debt portfolio Rebalancing of deviation due to short term defensive consideration: Any alteration in the investment pattern will be for a short term on defensive considerations as per clause 1.14.1.2 of SEBI Master Circular dated June 27, 2024, the intention being always to protect the interests of the Unit Holders and the Scheme shall rebalance the portfolio within 7 calendar days. It may be noted that no prior intimation/indication will be given to investors when the composition/asset allocation pattern under the Scheme undergoes changes within the permitted band as indicated above. Portfolio rebalancing in case of passive breach: In line with clause 3.6.7 of SEBI Master Circular dated June 27, 2024, in case of change in constituents of the index due to periodic review, the portfolio of Scheme shall be rebalanced within 7 calendar days. Further, any transactions undertaken in the portfolio of Index Schemes in order to meet the redemption and subscription obligations shall be done ensuring that post such transactions replication of the portfolio with the index is maintained at all points of time. However, always the portfolio will adhere to the overall investment objectives of the Scheme. However, the same will be rectified at the earliest opportunity as may be available, but not later than 7 days, to minimize the tracking error. In the event of involuntary corporate action, the scheme shall dispose the security not forming part of the underlying index within 7 calendar days from the date of allotment/listing. Provided further and subject to the above, any change in the asset allocation affecting the investment profile of the Scheme shall be effected only in accordance with the provisions of sub regulation (15A) of Regulation 18 read with sub- regulation (26) of Regulation 25 of the SEBI Regulations. B. WHERE WILL THE SCHEME INVEST? Sr. No. Instruments in which the scheme will invest 1 Securities of companies constituting Nifty India Manufacturing Index 2 Equity Derivatives of the index itself or its constituent stocks 3 Cash & Cash Equivalents including Government Securities, T-Bills and Repo on Government Securities 4 Money Market Instruments 5 Reverse repo and / or Tri-Party Repo on Government securities or Treasury bills Schemes of Nippon India Mutual Fund and/ or any other mutual fund which invest in the money market securities or 6 Liquid Schemes 7 Unrated debt and money market instruments The Scheme shall invest in any other instruments as may be permitted by SEBI/RBI from time to time. Transfer of investments from one scheme to another scheme in the same Mutual Fund, shall be allowed, in lines with para 12.30 of SEBI Master Circular dated June 27, 2024. Kindly refer detailed definitions and applicable regulations/guidelines for each instruments in the Section II. C. WHAT ARE THE INVESTMENT STRATEGIES? Nippon India Nifty India Manufacturing ETF is a passively managed ETF which will employ an investment approach designed to track the performance of Nifty India Manufacturing TRI. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty India Manufacturing Index in same proportion as in the Index. The AMC does not make any judgments about the investment merit of Nifty India Manufacturing Index nor will it attempt to apply any economic, financial or market analysis. This would be done by investing in the stocks comprising the Nifty India Manufacturing Index in approximately the same weightage that they represent in Nifty India Manufacturing Index. 11The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in money market instruments to meet the liquidity and expense requirements. In accordance with Clause 3.4 of SEBI Master Circular dated June 27, 2024, the underlying index shall comply with the portfolio concentration norms as prescribed. Derivatives strategy: The Scheme may invest in various derivative instruments which are permissible under the applicable regulations. Such investments shall be subject to the investment objective, asset allocation and strategy of the Scheme and the internal limits if any, as laid down from time to time. These include but are not limited to Index Options, Index Futures, Stock Options and Stock Futures and other instruments as may be permitted by SEBI. Exposure with respect to derivatives shall be in line with regulatory limits and the limits specified in the SID. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. For detailed derivative strategies, please refer to SAI. Portfolio Turnover Policy Portfolio turnover is the term used by the Fund for measuring the amount of trading that occurs in a Scheme’s portfolio during a specified period of time. The Scheme is an open ended Scheme. It is therefore expected that there would be a number of Subscriptions and Redemptions on a daily basis. There may be frequent transaction to buy and sell the Securities resulting in increase in transaction cost. At the same time frequent transactions may increase the profits and which can offset the increase in cost. Consequently, it is difficult to estimate with any reasonable measure of accuracy, the likely turnover in the portfolio. However, the Fund Manager will endeavour to optimize the portfolio turnover to minimize risk and maximize gains while keeping in mind the cost associate with such transaction. Portfolio turnover is defined as the lower of sales or purchases divided by the average corpus during a specified period of time. Generally, turnover will be confined to rebalancing of portfolio on account of change in the composition and corporate actions of the underlying index. D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? Nifty India Manufacturing TRI The scheme is an Exchange Traded Fund (ETF). The composition of the benchmark is such that it is most suited for comparing performance of the scheme. Total Return variant of the index (TRI) will be used for performance comparison E. WHO MANAGES THE SCHEME? Name Age Educational Type and Nature of past experience including Name of the Other Schemes managed Qualification assignments held during the past 10 years Mr. Jitendra 39 MBA (Finance) Over 18 years of experience From June 10, Nippon India Nifty 50 Value 20 Index Fund, Tolani years 2024 onwards Nippon India Nifty Alpha Low Volatility 30 NAM India - Designated as Fund Manager & Index Fund, Nippon India Nifty Bank Index Fund Manager Fund, Nippon India Nifty IT Index Fund, Dealer - Passives & Dealer – Nippon India Nifty 500 Equal Weight Index Passives Fund, Nippon India Nifty 500 Momentum February 2016 - May 2024 Motilal Oswal 50 Index Fund, Nippon India Nifty Auto (Managing the Financial Services Ltd: Index Fund, Nippon India Nifty Realty Scheme - Since Designated as VP Sales Trading, Institutional Index Fund, Nippon India Silver ETF Fund Launch of the Equities – responsible for handling trades for of Fund (FOF), CPSE ETF, Nippon India scheme) domestic institutions ETF Nifty PSU Bank BeES, Nippon India ETF Nifty IT, Nippon India Nifty Pharma ETF, Nippon India Nifty Auto ETF, Nippon August 2013 – February 2016 India ETF Nifty 50 Value 20, Nippon India Asit C Mehta Investment Interrmediaries Ltd: ETF Nifty Infrastructure BeES, Nippon Designated as DVP Sales Trading, Institutional India ETF Nifty India Consumption, Nippon Equities- responsible for handling the dealing team India ETF Nifty Dividend Opportunities 50 & also to handle trades for domestic institutions and Nippon India ETF Nifty 50 Shariah BeES, Nippon India Nifty 500 Low Volatility 50 Index Fund, Nippon India Nifty 500 Quality 50 Index Fund F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? Existing ETF schemes of Nippon India Mutual Fund are as follows: Sr. No. Name 1 CPSE ETF 2 Nippon India ETF BSE Sensex 3 Nippon India ETF BSE Sensex Next 50 4 Nippon India ETF Gold BeES 125 Nippon India ETF Hang Seng BeES 6 Nippon India ETF Nifty 100 7 Nippon India ETF Nifty 1D Rate Liquid BeES 8 Nippon India ETF Nifty 5 yr Benchmark G-Sec 9 Nippon India ETF Nifty 50 BeES 10 Nippon India ETF Nifty 50 Shariah BeES 11 Nippon India ETF Nifty 50 Value 20 12 Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt 13 Nippon India ETF Nifty Bank BeES 14 Nippon India ETF Nifty Dividend Opportunities 50 15 Nippon India ETF Nifty India Consumption 16 Nippon India ETF Nifty Infrastructure BeES 17 Nippon India ETF Nifty IT 18 Nippon India ETF Nifty Midcap 150 19 Nippon India ETF Nifty Next 50 Junior BeES 20 Nippon India ETF Nifty PSU Bank BeES 21 Nippon India ETF Nifty SDL Apr 2026 Top 20 Equal Weight 22 Nippon India Nifty Auto ETF 23 Nippon India Nifty Pharma ETF 24 Nippon India Silver ETF 25 Nippon India BSE Sensex Next 30 ETF 26 Nippon India Nifty India Manufacturing ETF (Proposed Scheme) For details of the scheme differentiation please visit: https://mf.nipponindiaim.com/investor-service/downloads/scheme-information-document G. HOW HAS THE SCHEME PERFORMED (as on …) This scheme is a new scheme and does not have any performance track record. H. ADDITIONAL SCHEME RELATED DISCLOSURES i. Top 10 holdings by issuer and sectors (as on …..) This scheme is a new scheme and does not have any holdings by issuer and sectors. ii. A Functional website link is given below for the disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme (as on ___): This scheme is a new scheme and does not have any holdings by issuer, stocks, groups and sectors ii. Functional website link for Portfolio Disclosure – Fortnightly / Monthly: https://mf.nipponindiaim.com/investor-service/downloads/factsheet-and-other-portfolio-disclosures Half Yearly: https://mf.nipponindiaim.com/investor-service/downloads/annual-half-yearly-reports iii. Portfolio Turnover Rate (as on ….): Not Applicable as this is a new scheme iv. Aggregate investment in the Scheme by : Sr. Concerned scheme’s Fund Manager(s) Net Value Market Value No (in Rs.) Units NAV per unit NOT APPLICABLE For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI. v. Investments of AMC in the Scheme Subject to the Regulations, the AMC may invest in the Scheme during the NFO and/or on ongoing basis. In terms of sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations,1996 read along with Clause 6.9 of the SEBI Master Circular dated June 27, 2024 and AMFI Best Practice Guidelines Circular No.100 /2022-23 dated April 26, 2022 on ‘Alignment of interest of AMCs with the Unitholders of the Mutual Fund schemes’ , the AMC shall invest its own funds in the scheme(s) based on the risks associated with the schemes, as may be specified by the SEBI from time to time. 13Further, the AMC shall not charge any investment management and advisory fee on its investment in the Scheme (s), unless allowed to do so under SEBI Regulations in the future. For details of investment please visit : https://mf.nipponindiaim.com/investor-service/statutory-disclosures 14Part III - OTHER DETAILS A. COMPUTATION OF NAV The Net Asset Value (NAV) of the Units will be determined daily or as prescribed by the Regulations. The NAV shall be calculated in accordance with the following formula, or such other formula as may be prescribed by SEBI from time to time. Market/Fair Value of Scheme’s Investments + Receivables + Accrued Income + Other Assets - Accrued Expenses- Payables- Other Liabilities NAV = Number of Units Outstanding Rounding off policy for NAV: Net Asset Value of the Units in the Scheme is calculated in the manner provided in this Scheme Information Document or as may be prescribed by Regulations from time to time. The NAV will be computed upto four decimal places. NAV Information: The NAV of the Scheme will be calculated and declared by the Fund on every Working Day by 11.00 p.m. The information on NAV may be obtained by the Unitholders, on any day from the office of the AMC / the office of the Registrar in Hyderabad or any of the other Designated Investor Service Centres. Investors may also obtain information on the purchase /sale price for a given day on any Working Day from the office of the AMC / the office of the Registrar in Hyderabad/ any of the other Designated Investor Service Centres. For any NAV information, investor may also call our Customer Service Centre 1860-266-0111 (charges applicable), and Investors outside India can call at 91-22-69259696 (charges applicable) Example: If the applicable NAV is Rs. 10.00, sales/entry load if any is 2 per cent and the exit/repurchase load is 2 percent then the sales price will be Rs. 10.20 and the repurchase price will be Rs. 9.80. Please refer to the SAI for information on the valuation of the assets of the Scheme. Illustration for computation of NAV: Particulars Amount (In INR) Assets Market/Fair Value of Scheme’s Investments 1,00,000 Current Assets Receivables 1,500 Accrued Income 500 Other Assets 1,000 Total Assets (A) 1,03,000 Current Liabilities Accrued Expenses 1,100 Payables 300 Other Liabilities 100 Total Liabilities (B) 1,500 Net Assets (C) (A – B) 1,01,500 Units Outstanding (D) 10,000 NAV per unit (C/D) 10.1500 The mutual fund shall ensure that the repurchase price of the scheme is not lower than 95% of the Net Asset Value. Disclosure of indicative Net Asset Value (iNAV) INAV of an ETF i.e. the per unit NAV based on the current market value of its portfolio during the trading hours of the ETF, shall be disclosed on a continuous basis on the Stock Exchange(s), where the units of these ETFs are listed and traded and shall be updated in the following manner: i. For Equity ETFs, within a maximum time lag of 15 seconds from underlying market. ii. For Debt ETFs, at least four times a day i.e. opening and closing iNAV and at least two times during the intervening period with minimum time lag of 90 minutes between the two disclosures. iii. For ETFs on Gold or Silver, based on the latest available data for Gold or Silver. Accordingly, iNAV disclosed for Gold or Silver ETFs may either be static or dynamic depending upon the availability of the underlying price. iv. For ETFs on international indices, based on the latest available data regarding the portfolio of the ETF. Accordingly, iNAV disclosed for international ETFs 15may either be static or dynamic depending on the intersection in trading hours of domestic and overseas markets. For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV etc. refer to SAI B. NEW FUND OFFER (NFO) EXPENSES These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar expenses, printing and stationary, bank charges etc. AMC will ensure that no NFO expenses will be charged to the Scheme. C. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: The AMC has estimated that upto 1.00% (under Regulation 52(6)(b)) plus allowed under regulation 52(6A) of the daily net assets of the scheme will be charged to the scheme as expenses. The AMC would update the current expense ratios on the website of the mutual fund at least three working days prior to the effective date of the change. Further Actual Expense ratio will be disclosed at the following link: https://mf.nipponindiaim.com/investor-services/downloads/total-expense-ratio-of-mutual-fund-schemes Estimated Expense Structure Expense Head % of Net Assets Investment Management & Advisory Fee Upto 1.00% Audit fees/fees and expenses of trustees Custodial Fees Registrar & Transfer Agent Fees including cost of providing account statements / IDCW / redemption cheques/ warrants Marketing & Selling Expenses including Agents Commission and statutory Advertisement Costs related to investor communications Costs of fund transfer from location to location Cost towards investor education & awareness Brokerage & transaction cost pertaining to distribution of units Brokerage and transaction cost (including GST) over and above 12 bps and 5 bps for cash and Derivative market trades respectively Goods & Service tax on expenses other than investment and advisory fees Incentives to Market Makers Listing & licensing fees Other Expenses # Maximum total expense ratio (TER) permissible under Regulation 52(6)(b) Upto 1.00% The Scheme shall not incur any distribution expenses and no commission shall be paid by this scheme. (# Expenses including listing fees charged under the said parameters shall be in line with the Regulation 52 of SEBI (MF) Regulations or such other basis as specified by SEBI from time to time.) Illustration – Impact of Expense Ratio on the Returns Value of Rs 1 lac on 12% annual returns in 1 year, considering 1% Expense Ratio Amount Invested 100,000.00 NAV at the time of Investment 10.00 16No of Units 10,000.00 Gross NAV at end of 1 year (assuming 12% annual return) 11.20 Expenses (assuming 1% Expense Ratio on average of opening and closing NAV) 0.11 Actual NAV at end of 1 year post expenses (assuming Expense Ratio as above) 11.09 Value of Investment at end of 1 year (Before Expenses) 112,000.00 Value of Investment at end of 1 year (After Expenses) 110,940.00 Note: Please note that the above is an approximate illustration of the impact of expense ratio on the returns, where the Gross NAV has been simply reduced to the extent of the expenses. In reality, the actual impact would vary depending on the path of returns over the period of consideration. Expenses will be charged on daily net assets. These estimates have been made in good faith as per the information available to the Investment Manager based on past experience but the total expenses shall not exceed the limits permitted by SEBI. Types of expenses charged shall be as per the SEBI (MF) Regulations. The purpose of the above table is to assist the investor in understanding the various costs and expenses that an investor in the scheme will bear directly or indirectly. Goods & Service tax on investment management and advisory fees, to the Scheme will be, in addition to the maximum annual recurring expenses that may be charged to the Scheme as per Regulation 52 of the SEBI Regulations. Goods & Service Tax on other than investment and advisory fees, if any, shall be borne by the scheme within the maximum limit as per regulation 52 of the SEBI Regulations. Mutual Funds/AMCs will annually set apart 1 basis points on daily net assets within the maximum limit as per regulation 52 of the SEBI Regulations for investor education and awareness initiatives. With effect from 16th March 2025, for Passive schemes and Overseas Fund of Funds (FoFs) - based on underlying indices as per clause 3 and clause 4 of the SEBI circular SEBI/HO/IMD/PoD2/P/CIR/2024/183 dated 31st December 2024, AMCs shall allocate funds towards investor education and awareness initiatives as 5% of total TER charged to direct plans, subject to maximum of 0.5 bps of AUM. However, no Investment Management fees would be charged on NAM India’s investment in the Scheme. The Trustee Company, shall be entitled to receive a sum computed @ 0.05% of the Unit Capital of all the Schemes of NIMF on 1st April each year or a sum of Rs.5,00,000/- whichever is lower or such other sum as may be agreed from time to time in accordance with the SEBI Regulations or any other authority, from time to time. The total expenses of the ETF scheme including the investment management and advisory fee shall not exceed One percent (1%) of the daily net assets as stated in Regulation 52(6)(b) excluding additional expenses as allowed by sub regulation 6A of regulation 52. The above expenses are fungible within the overall maximum limit prescribed under SEBI (Mutual Funds) Regulations, 1996, which means there will be no internal sub-limits on expenses and AMC is free to allocate them within the overall TER. The Incentives, if any, to Market Makers shall be charged to the scheme within the maximum permissible limit of TER as per Clause no. 3.6.1.4 of SEBI Master circular dated June 27, 2024. In terms of Regulation 52(1) of SEBI (Mutual Funds) Regulations, 1996, all scheme related expenses including commission paid to distributors, by whatever name it may be called and in whatever manner it may be paid, will necessarily be paid from the scheme only within the regulatory limits and not from the books of AMC, its associate, sponsor, trustee or any other entity through any route. Provided that the expenses that are very small in value but high in volume may be paid out of AMC’s books. Such expenses shall be paid out of AMC books at actuals or not exceeding 2 bps of respective scheme AUM, whichever is lower. List of such miscellaneous expenses may be provided by AMFI in consultation with SEBI or as specified/amended by AMFI/SEBI from time to time. In addition to the limits specified in regulation 52(6), the following costs or expenses may be charged to the scheme as per new sub regulation 6A, namely- (a) Brokerage and Transaction costs (including GST) incurred for the execution of trades may be expensed out in the scheme to the extent of 0.12 per cent of the value of trades in case of cash market transactions. Payment towards brokerage and transaction costs incurred for the execution of trades, over and above the said 0.12 per cent for cash market transactions may be charged to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. Any expenditure in excess of the said prescribed limit (including brokerage and transaction costs, if any) shall be borne by the AMC or by the Trustee or Sponsors. The Fund will strive to reduce the level of these expenses so as to keep them well within the maximum limits allowed by SEBI. Expenses on an ongoing basis will not exceed the percentage of the daily net assets or such maximum limits as may be specified by SEBI Regulations from time to time D. LOAD STRUCTURE Exit Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the scheme. For the current applicable structure, please refer to the website of the AMC (https://mf.nipponindiaim.com / https://Etf.nipponindiaim.com) or may call at 18602660111 (charges applicable) and investors outside India can call Customer Care at 91-22-69259696 (charges applicable) or your distributor. Load amounts are variable and are subject to change from time to time. NAM India, in consultation with the Trustees, reserves the right to change the load structure if it so deems fit in the interest of smooth and efficient functioning of the scheme. Any imposition or enhancement 17in the load shall be applicable on prospective investments only. However, NAM India shall not charge any load on issue of bonus units and units allotted on reinvestment of IDCW for existing as well as prospective investors. At the time of changing the load structure: (i) The addendum detailing the changes may be attached to Scheme Information Documents and key information memorandum. The addendum may be circulated to all the distributors/brokers so that the same can be attached to all Scheme Information Documents and key information memoranda already in stock. (ii) Arrangements may be made to display the addendum in the Scheme Information Document in the form of a notice in all the investor service centres and distributors/brokers office. (iii) The introduction of the exit load alongwith the details may be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load. (iv) A public notice shall be given in respect of such changes in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of region where the Head Office of the Mutual Fund is situated. (v) Any other measures which the mutual funds may feel necessary. Applicable Load Structure Exit Load : Not Applicable There will be no exit load on Nippon India Nifty India Manufacturing ETF bought or sold through the secondary market on the BSE/NSE. However, an investor would be paying cost in the form of a bid and ask spread and brokerage, as charged by his broker for buying / selling units of Nippon India Nifty India Manufacturing ETF. The Fund may also allow Cash# subscription /redemption of Nippon India Nifty India Manufacturing ETF in creation unit size by large investors. No exit load will be levied on transactions with Authorized Participants/ Market Makers and Large Investors during NFO or continuous offer. Investor other than APs/Large investors can directly approach AMC for transaction of up to INR 25 Cr and no exit load shall be charged for redemption of units if -: a) The traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days; or b) No quotes are available on stock exchange(s) for 3 consecutive trading days; or c) Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days.. In such a scenario valid applications received up to 3 p.m. the Mutual Fund shall process the redemption request basis the closing NAV of the day of receipt of application. Such instances shall be tracked by NAM India on an ongoing basis and incase if any of the above mentioned scenario arises the same shall be disclosed on the website of Nippon India Mutual Fund i.e. https://mf.nipponindiaim.com For any change in load structure NAM India will issue an addendum and display it on the website and on i.e. https://mf.nipponindiaim.com/ https://etf.nipponindiaim.com and Investor Service Centres. #RTGS, NEFT or transfer cheque 18SECTION II I. INTRODUCTION A. Definitions/interpretation For definition details please visit: https://mf.nipponindiaim.com/investor-service/downloads/scheme-information-document B. Risk Factors SCHEME SPECIFIC RISK FACTORS: (a) Risks associated with investing in Equities Equity and Equity related instruments on account of its volatile nature are subject to price fluctuations on daily basis. The volatility in the value of the equity and equity related instruments is due to various micro and macro economic factors affecting the securities markets. This may have adverse impact on individual securities /sector and consequently on the NAV of Scheme. The inability of the Scheme to make intended securities purchases due to settlement problems, could cause the Scheme to miss certain investment opportunities as in certain cases, settlement periods may be extended significantly by unforeseen circumstances. Similarly, the inability to sell securities held in the schemes portfolio may result, at times, in potential losses to the scheme, should there be a subsequently decline in the value of the securities held in the schemes portfolio. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of the investments. This may impact the ability of the unit holders to redeem their units. In view of this, the Trustee has the right, in its sole discretion to limit redemptions (including suspending redemptions) under certain circumstances, in accordance with the SEBI Regulations. The Scheme may find itself invested in unlisted securities due to external events or corporate actions. This may increase the risk of the portfolio as these unlisted securities are inherently illiquid in nature and carry larger liquidity risk as compared to the listed securities or those that offer other exit options to the investors. Investments in equity and equity related securities involve high degree of risks and investors should not invest in the Scheme unless they can afford to take the risk of losing their investment. b) Risk specific to investing in securities forming part of Nifty India Manufacturing Index Nippon India Nifty India Manufacturing ETF is passively a managed Scheme i.e. the amount collected under the scheme is invested in securities of companies comprising the underlying index in the same weightages as they have in the underlying index. The composition of the underlying index is subject to changes that may be affected periodically by the Index Service Provider. Performance of the underlying index will have a direct bearing on the performance of the scheme. The extent of the Tracking error may have an impact on the performance of the scheme. Investments in equity and equity related securities involve high degree of risks and investors should not invest in the Scheme unless they can afford to take the risk of losing their investment. Corporate Action and Proxy Voting From time to time, the issuer of a Security held in the Scheme may initiate a corporate action relating to that Security. Corporate actions relating to equity Securities may include, among others, an offer to purchase new shares, or to tender existing shares, of that Security at a certain price. Corporate actions relating to debt Securities may include, among others, an offer for early redemption of the debt Security, or an offer to convert the debt Security into stock. Certain corporate actions are voluntary, meaning that the Scheme may only participate in the corporate action it elects to do so in a timely fashion. Participation in certain corporate actions may enhance the value of the Scheme. In cases where the Fund or the Fund Manager receives sufficient advance notice of a voluntary corporate action, the Fund Managers will exercise their discretion, in good faith, to determine whether the Scheme will participate in that corporate action. If the Fund Managers do not receive sufficient advance notice of a voluntary corporate action, the Fund Managers acting on behalf of the Scheme may not be able to timely elect to participate in that corporate action. Participation or lack of participation in a voluntary corporate action may result in a negative impact on the value of the Scheme. The Scheme may find itself invested in unlisted securities due to external events or corporate actions. This may increase the risk of the portfolio as these unlisted securities are inherently illiquid in nature and carry larger liquidity risk as compared to the listed securities or those that offer other exit options to the investors. The AMC may at its discretion exercise or procure the exercise of voting or other rights which may be exercisable in relation to Securities held by the Scheme, or at its discretion, elect not to exercise or procure the exercise of such voting or other rights. In relation to the exercise of such rights the AMC has established guidelines for the exercise of voting or other rights wherein it is stated that for passive funds / ETFs we will generally be abstaining on resolutions (c) Risks relating to Investing in Indian Markets Investments in India may be affected by political, social, and economic developments affecting India, which may include changes in exchange rates and controls, interest rates, government policies, diplomatic conditions, hostile relations with neighbouring countries, taxation policies including the possibility of expropriation or confiscatory taxation, imposition of withholding taxes on IDCW or interest payments, limitation on removal of funds or assets of the Scheme and ethnic, religious and racial disaffections or conflict. The relative small size and inexperience of the Securities markets in India and the limited volume of trading in Securities may make the Scheme’s investments illiquid and more volatile than investments in more established markets. In addition, the 19settlement systems may be less developed than in more established markets, which could impede the Scheme’s ability to effect portfolio transactions and may result in delayed settlement and the Scheme’s investments being settled through a more limited range of counter parties with an accompanying enhanced credit risk. To the extent the Scheme is subject to margining or pre-payment systems, whereby margin or the entire settlement proceeds for a transaction is required to be posted prior to the settlement date, this can potentially give rise to credit and operational risks as well as potentially borrowing costs for the Scheme. (d) Risks associated with investing in Fixed Income Securities Investment in Fixed Income Securities is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. Fixed Income Securities are subject to the risk of an issuer’s inability to meet interest and principal payments on its debt obligations (credit risk). Fixed Income Securities may also be subject to price volatility due to factors such as changes in interest rates, general level of market liquidity and market perception of the creditworthiness of the issuer, among others (market risk). The Investment Manager will endeavor to manage credit risk through in-house credit analysis. The Scheme may also use various hedging products from time to time, as are available and permitted by SEBI, to attempt to reduce the impact of undue market volatility on the Scheme’s portfolio. The NAV of the Scheme’s Units, to the extent that the Scheme is invested in fixed income securities, will be affected by changes in the general level of interest rates. When interest rates decline, the value of a portfolio of fixed income securities can be expected to rise. Conversely, when interest rates rise, the value of a portfolio of fixed income securities can be expected to decline Investing in Fixed Income securities are subject to the risk of an Issuer’s inability to meet principal and interest payments obligation (credit risk) and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (market risk). The timing of transactions in debt obligations, which will often depend on the timing of the Purchases and Redemptions in the Scheme, may result in capital appreciation or depreciation because the value of debt obligations generally varies inversely with the prevailing interest rates. Interest Rate Risk As with all fixed income securities, changes in interest rates will affect the Scheme’s Net Asset Value as the prices of securities generally increase as interest rates decline and generally decrease as interest rates rise. Prices of longer-term securities generally fluctuate more in response to interest rate changes than do shorter-term securities. Interest rate movements in the Indian markets can be volatile leading to the possibility of large price movements up or down in money market securities and thereby to possibly large movements in the NAV. Liquidity or Marketability Risk This refers to the ease at which a security can be sold at or near its true value. The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is characteristic of the Indian fixed income market. Credit Risk Credit risk or default risk refers to the risk which may arise due to default on the part of the issuer of the money market security (i.e. will be unable to make timely principal and interest payments on the security). While this risk is limited in money market instruments, because of stringent restrictions on issuers, it is not eliminated completely. Hence, they are sold at a yield spread above those offered on Treasury securities, which are sovereign obligations and generally considered to be free of credit risk. Normally, the value of a fixed income security will fluctuate depending upon the actual changes in the perceived level of credit risk as well as the actual event of default. Reinvestment Risk This risk refers to the interest rate levels at which cash flows received from the securities in the Scheme or from maturities in the Scheme are reinvested. The additional income from reinvestment is the “interest on interest” component. The risk refers to the fall in the rate for reinvestment of interim cashflows. Risks associated with various types of securities CREDIT RISK LIQUIDITY RISK PRICE RISK Listed Depends on credit quality Relatively Low Depends on duration of instrument Unlisted Depends on credit quality Relatively High Depends on duration of instrument Secured Relatively low Relatively Low Depends on duration of instrument Unsecured Relatively high Relatively High Depends on duration of instrument Rated Relatively low and depends on the rating Relatively Low Depends on duration of instrument Unrated Relatively high Relatively High Depends on duration of instrument Different types of securities in which the scheme would invest as given in the Scheme Information Document carry different levels and types of risk. Accordingly, the scheme’s risk may increase or decrease depending upon its investment pattern e.g. corporate bonds, carry a higher level of risk than Government securities. Further even among corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA rated 20(e) Risk associated with investing in Derivatives I. Valuation Risk : The risk in valuing the Debt & Equity derivative products due to inadequate trading data with good volumes. Derivatives with longer duration would have higher risk viz a viz the shorter duration derivatives. II. Mark to Market Risk : The day-to-day potential for an investor to experience losses from fluctuations in underlying stock prices and derivatives prices. III. Systematic Risk : The risk inherent in the capital market due to macro economic factors like Inflation, GDP, Global events. IV. Liquidity Risk : The risk stemming from the lack of availability of derivatives products across different maturities and with different risk appetite. V. Implied Volatility : The estimated volatility of an underlying security’s price and derivatives price. VI. Interest Rate Risk : The risk stemming from the movement of Interest rates in adverse direction. As with all the debt securities, changes in the interest rates will affect the valuation of the portfolios. VII. Counterparty Risk (Default Risk) : Default risk is the risk that losses will be incurred due to the default by the counterparty for over the counter derivatives. VIII. System Risk : The risk arising due to failure of operational processes followed by the exchanges and OTC participants for the derivatives trading. (f) Risk attached with the use of derivatives 1. As and when the Scheme trades in the derivatives market there are risk factors and issues concerning the use of derivatives that investors should understand. Derivative products are specialized instruments that require investment techniques and risk analysis different from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the underlying instrument but of the derivative itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate movements correctly. There is a possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the “counterparty”) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mispricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. 2. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies. 3. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. (g) Risks of Total Return Dividends are assumed to be reinvested into the Nifty India Manufacturing Index after the ex-dividend date of the constituents. However in practice, the dividends is received with a lag. This can lead to some tracking error. (h) Passive Investments The Scheme is not actively managed. The underlying Scheme may be affected by a general decline in the Indian markets relating to its Underlying Index. The underlying Scheme invests in the securities included in its Underlying Index regardless of their investment merit. The AMC does not attempt to individually select stocks or to take defensive positions in declining markets. (i) Risk associated with Securities Lending Securities Lending is a lending of securities through an approved intermediary to a borrower under an agreement for a specified period with the condition that the borrower will return equivalent securities of the same type or class at the end of the specified period along with the corporate benefits accruing on the securities borrowed. In case the Scheme undertakes stock lending under the Regulations, it may, at times be exposed to counter party risk and other risks associated with the securities lending. Unitholders of the Scheme should note that there are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved intermediary, to comply with the terms of the agreement entered into between the lender of securities i.e. the Scheme and the approved intermediary. Such failure can result in the possible loss of rights to the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities deposited with the approved intermediary. The risks in lending portfolio securities, as with other extensions of credit, consist of the failure of another party, in this case the approved intermediary, to comply with the terms of agreement entered into between the lender of securities i.e. the Scheme and the approved intermediary. Such failure to comply can result in the possible loss of rights in the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities deposited with the approved intermediary. The Mutual Fund may not be able to sell such lent securities and this can lead to temporary illiquidity. (j) Risks associated with investing in Tri Party Repo through CCIL (TREPS): The mutual fund is a member of securities segment and Tri-party Repo trade settlement of the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government securities and in Tri-party Repo trades are settled centrally through the infrastructure and settlement systems provided by CCIL; thus, reducing the settlement and counterparty risks considerably for transactions in the said segments. CCIL maintains prefunded resources in all the clearing segments to cover potential losses arising from the default member. In the event of a clearing member failing to honour his settlement obligations, the default Fund is utilized to complete the settlement. The sequence in which the above resources are used is known as the “Default Waterfall”. 21As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s contribution to the default fund have been appropriated, CCIL’s contribution is used to meet the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated from the default fund contributions of the non-defaulting members. Thus, the scheme is subject to risk of the initial margin and default fund contribution being invoked in the event of failure of any settlement obligations. In addition, the fund contribution is allowed to be used to meet the residual loss in case of default by the other clearing member (the defaulting member). However, it may be noted that a member shall have the right to submit resignation from the membership of the Security segment if it has taken a loss through replenishment of its contribution to the default fund for the segments and a loss threshold as notified have been reached. The maximum contribution of a member towards replenishment of its contribution to the default fund in the 7 days (30 days in case of securities segment) period immediately after the afore-mentioned loss threshold having been reached shall not exceed 5 times of its contribution to the Default Fund based on the last re-computation of the Default Fund or specified amount, whichever is lower. Further, it may be noted that, CCIL periodically prescribes a list of securities eligible for contributions as collateral by members. Presently, all Central Government securities and Treasury bills are accepted as collateral by CCIL. The risk factors may undergo change in case the CCIL notifies securities other than Government of India securities as eligible for contribution as collateral (k) Other Scheme Specific Risk factors a) The liquidity of the Scheme’s investments may be inherently restricted by trading volumes, settlement periods and transfer procedures. In the event of an inordinately large number of redemption requests, or of a re-structuring of the Scheme’s investment portfolio, these periods may become significant. b) Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved. The investors may note that if the AMC/Investment Manager is not able to make right decision regarding the timing of increasing exposure in money market securities in times of falling equity market, it may result in negative returns. Given the nature of scheme, the portfolio turnover ratio may be on the higher side commensurate with the investment decisions and Asset Allocation of the Scheme. At times, such churning of portfolio may lead to losses due to subsequent negative or unfavorable market movements. c) Credit And Rating Downgrade Risks may affect the value of Money Market instruments. d) The NAV of the scheme to the extent invested in Money market securities are likely to be affected by changes in the prevailing rates of interest and are likely to affect the value of the Scheme’s holdings and thus the value of the Scheme’s Units. e) The AMC may, considering the overall level of risk of the portfolio, invest in lower rated/ unrated securities offering higher yields. This may increase the risk of the portfolio. f) Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger amount of liquidity risk, in comparison to securities that are listed on the exchanges or offer other exit options to the investor, including a put option. The Scheme may find itself invested in unlisted securities due to external events or corporate actions. This may increase the risk of the portfolio. g) While securities that are listed on the stock exchange carry lower liquidity risk, the ability to sell these investments is limited by the overall trading volume on the stock exchanges. Money market securities, while fairly liquid, lack a well-developed secondary market, which may restrict the selling ability of the Scheme and may lead to the Scheme incurring losses till the security is finally sold. h) Investment decisions made by the AMC may not always be profitable, even though it is intended to generate capital appreciation and maximize the returns by actively investing in equity and equity related securities. i) The tax benefits available under the scheme are as available under the present taxation laws and are available only to certain specified categories of investors and that is subject to fulfillment of the relevant conditions. The information given is included for general purposes only and is based on advise that the AMC has received regarding the law and the practice that is currently in force in India and the investors and the Unitholders should be aware that the relevant fiscal rules and their interpretation may change. As is the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailing at the time of investment in the Scheme will endure indefinitely. In view of the individual nature of tax consequences, each Investor/Unitholder is advised to consult his/her own professional tax advisor. The Mutual Fund is not assuring or guaranteeing that it will be able to make regular periodical distributions/distribute bonus units to its Unit holders though it has every intention to manage the portfolio so as to make periodical income/bonus distributions to Unit holders. Periodical distributions will be dependent on the returns achieved by the Asset Management Company by tracking Nifty India Manufacturing Index. Periodical distributions may therefore vary from period to period, based on investment results of the portfolio. Past performance of the Sponsor/ the AMC/ the Mutual Fund is not indicative of the future performance of the Scheme. Nippon India Nifty India Manufacturing ETF is the name of the Scheme and does not in any manner indicate either the quality of the Scheme; its future prospects or returns. All IDCW distributions are subject to the availability of distributable surplus in the Scheme. When an investor switches from this scheme to another scheme on a future date, the scheme specific risk factors applicable to such scheme into which he switches, will apply. 22(l) Market Trading Risks a) Absence of Prior Active Market: Although the units of ETFs are listed on the Stock Exchange for trading, there can be no assurance that an active secondary market will develop or be maintained. b) Lack of Market Liquidity: Trading in units of ETFs on the Stock Exchange on which it is listed may be halted because of market conditions or for reasons that, in the view of the concerned Stock Exchange or Market Regulator, trading in the ETF Units is inadvisable. In addition, trading in the units of ETFs is subject to trading halts caused by extraordinary market volatility pursuant to ‘circuit breaker’ rules. There can be no assurance that the requirements of the concerned Stock Exchange necessary to maintain the listing of the units of ETFs will continue to be met or will remain unchanged. c) Units of Exchange Traded Funds May Trade at Prices Other than NAV: Units of Exchange Traded Funds may trade above or below their NAV. The NAV of Units of Exchange Traded Funds may fluctuate with changes in the market value of a Scheme’s holdings. The trading prices of units of ETF will fluctuate in accordance with changes in their NAVs as well as market supply and demand. However, given that ETFs can be created / redeemed in Creation Units, directly with the fund, large discounts or premiums to the NAVs will not sustain due to arbitrage possibility available. d) Regulatory Risk: Any changes in trading regulations by the Exchange or SEBI may affect the ability of market maker to arbitrage resulting into wider premium/ discount to NAV. Although Nippon India Nifty India Manufacturing ETF are proposed to be listed on an Exchange, the AMC and the Trustees will not be liable for delay in listing of Units of the Scheme on Exchange / or due to connectivity problems with the depositories due to the occurrence of any event beyond their control. e) Political Risks: Whereas the Indian market was formerly restrictive, a process of deregulation has been taking place over recent years. This process has involved removal of trade barriers and protectionist measures, which could adversely affect the value of investments. It is possible that the future changes in the Indian political situation, including political, social or economic instability, diplomatic developments and changes in laws and regulations could have an effect on the value of investments. Expropriation, confiscatory taxation or other relevant developments could affect the value of investments. f) Competition Risks: An investment in Nippon India Nifty India Manufacturing ETF may be adversely affected by competition from other methods of investing in the Index. g) Right to Limit Redemptions: The Trustee, in the general interest of the unit holders of the Scheme offered under this Offer Document and keeping in view of the unforeseen circumstances/unusual market conditions, may limit the total number of Units which can be redeemed on any Business Day depending on the total “Saleable Underlying Stock” available with the fund. (m) Redemption Risk – Investors may note that even though the Scheme is an open-ended Scheme, the Scheme would ordinarily repurchase Units in Creation Unit Size. Investors can directly approach the AMC for redemption of units of ETFs, for transaction of up to INR 25 Cr. without any exit load, in case of the following scenarios: i. Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or ii. No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or iii. Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days. In such a scenario valid applications received upto 3 p.m., Nippon India MF shall process the Redemption request basis the closing NAV of the day of receipt of application. Such instances shall be tracked by Nippon India AMC on an ongoing basis and incase if any of the above mentioned scenario arises the same shall be disclosed on the website of Nippon India Mutual Fund i.e. mf.nipponindiaim. com / etf.nipponindiaim.com (n) Asset Class Risk : The returns from the types of securities in which a Scheme invests may under perform returns from the various general securities markets or different asset classes. Different types of securities tend to go through cycles of out-performance and under performance in comparison of the general securities markets. (o) Passive Investments: As Nippon India Nifty India Manufacturing ETF is not actively managed, the underlying investments may be affected by a general decline in the Indian markets relating to its Underlying Index. The scheme invests in the securities included in its underlying index regardless of their investment merit. The AMC does not attempt to take defensive positions in declining markets. Further, the fund manager does not make any judgment about the investment merit nor shall attempt to apply any economic, financial or market analysis. (p) Tracking Error and Tracking Difference Risk Tracking error is defined as the annualized standard deviation of the difference in the daily returns between the NAV of the Scheme and the Underlying Index. Tracking Difference is defined as the annualized difference of returns between the NAV of the Scheme and the underlying index. Theoretically, the corpus of the Scheme has to be fully invested in the securities comprising the Underlying Index in the same proportion of weights as the securities have in the Underlying Index. However, deviations from the stated index replication may occur due to reason that the Scheme has to incur expenses, corporate actions pertaining to the Index including changes to the constituents, regulatory policies, ability of the Fund Manager to closely replicate the Underlying Index, 23delay in purchase or non-availability of underlying securities forming part of the index etc. Tracking Error/ Tracking Difference may arise including but not limited to the following reasons: 1. Delay in purchase or non-availability of underlying securities forming part of the index. 2. Delay in liquidation of securities which have been removed by the Index. 3. Fees and expenses of the Scheme. 4. Cash balance held by the Scheme due to interest received during subscriptions, redemption, etc. 5. Halt in trading on the stock exchange due to circuit filter rules. 6. Corporate actions. 7. The Scheme has to invest in the securities in whole numbers and has to round off the quantity of securities. 8. Dividend payout. 9. Changes in the constituents of the underlying Index. Whenever there are any changes, the Scheme has to reallocate its investment as per the revised Index but market conditions may not offer an opportunity to rebalance its portfolio to match the Index and such delay may affect the NAV of the Scheme. The AMC would monitor the tracking error of the Scheme on an ongoing basis and would seek to minimize tracking error. Under normal market circumstances, tracking error based on past one year rolling data shall not exceed 2%. However, in case of unavoidable circumstances in the nature of force majeure, which are beyond the control of the AMCs, the tracking error may exceed 2% and the same shall be brought to the notice of Trustees with corrective actions taken by the AMC, if any. (q) Risks associated with segregated portfolio Liquidity risk 1. Investor holding units of segregated portfolio may not able to liquidate their holding till the time recovery of money from the issuer. 2. Listing of units of segregated portfolio in recognised stock exchange does not necessarily guarantee their liquidity. There may not be active trading of units in the stock market. Further trading price of units on the stock market may be significantly lower than the prevailing NAV. Credit risk 3. Security comprises of segregated portfolio may not realise any value. (Complete section related to segregation of portfolio will be mentioned in the SAI) (r) Risk factor associated with investment in Units of Mutual Funds: Mutual funds being vehicles of securities investments are subject to market and other risks and there can be no guarantee against loss resulting from investing in the Scheme. The various factors which impact the value of the Schemes’ investments include, but are not limited to, fluctuations in the bond markets, fluctuations in interest rates, prevailing political and economic environment, changes in government policy, factors specific to the issuer of the securities, tax laws, liquidity of the underlying instruments, settlement periods, trading volumes, suspension of subscription/redemptions of the scheme, change in fundamental attribute etc. The Scheme may invest in schemes of Mutual Funds. Hence, scheme specific risk factors of each such mutual fund schemes will be applicable to the Scheme portfolio. C. Risk mitigation strategies As per data from Stock exchanges more than half of market liquidity remains in the index. Therefore, the scheme does not envisage liquidity issues. The scheme may take exposure to equity derivatives of the index itself or its constituent stocks, when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period. Type of Risks Measures/ Strategies to control risks Equity Markets/ Equity Oriented • Market Risk and Volatility: Market risk is a risk which is inherent to an equity scheme. Being a Instruments passively managed scheme, it will invest in the securities included in its Underlying Index. • Concentration / Sector Risk: Being a passively managed Fund a passive investment carries lesser risk as compared to active fund management. The portfolio follows the index and therefore the level of stock concentration in the portfolio and its volatility would be the same as that of the index, subject to tracking error. Thus, there is no additional element of volatility or stock concentration on account of fund manager decisions. The Risk Mitigation strategy revolves around minimizing the Tracking error to the least possible through regular rebalancing of the portfolio, taking into account the change in weights of stocks in the Underlying Index as well as the incremental collections into / redemptions from the Scheme. • Liquidity Risks: As such the liquidity of stocks that the scheme invests into could be relatively low. The fund will endeavor to maintain a proper asset liability match to ensure redemption payments are made on time and not affected by illiquidity of the underlying stocks. 24Debt and Money Market • Credit Risk: Management analysis will be used for identifying company specific risks. instruments Management’s past track record will also be studied. In order to assess financial risk a detailed assessment of the issuer’s financial statements will be undertaken. • Price-Risk or Interest-Rate Risk: The Scheme may primarily invest the debt portion of the portfolio in short term debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the price volatility due to interest rate changes generally associated with long- term securities. • Risk of Rating Migration: The Scheme may primarily invest the debt portion of the portfolio in short-term debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of rating migration generally associated with long-term securities. • Basis Risk: The debt allocation of scheme is primarily as a cash management strategy and such strategy returns are expected to reflect the very short term interest rate hence investment is done in short term debt and money market instruments. • Spread Risk: The Scheme may primarily invest the debt portion of the portfolio in short-term debt & money market instruments, units of Liquid and Overnight schemes thereby mitigating the risk of spread expansion which is generally associated with long-term securities • Reinvestment Risk: The debt allocation of scheme is primarily as a cash management strategy and such strategy returns are expected to reflect the very short term interest rate hence investment is done in short term debt and money market instruments. Reinvestment risks will be limited to the extent of debt instruments, which will be a very small portion of the overall portfolio value. • Liquidity Risk: The Scheme may, however, endeavor to minimize liquidity risk by primarily investing the debt portion of the portfolio in relatively liquid short-term debt & money market instruments, units of Liquid and Overnight schemes. Derivatives The Scheme may invest in derivative for the purpose of hedging, portfolio balancing and other purposes as may be permitted under the Regulations. Equity Derivatives will be used in the form of Index Options, Index Futures, Stock Options and Stock Futures and other instruments as may be permitted by SEBI. Derivatives can be either exchange traded or can be over the counter (OTC). Exchange traded derivatives are listed and traded on stock exchanges whereas OTC derivative transactions are generally structured between two counterparties. Exposure with respect to derivatives shall be in line with regulatory limits and the limits specified in the SID. Repo Transactions This risk is largely mitigated, as the choice of counterparties is largely restricted and their credit rating is taken into account before entering into such transactions. Also, operational risks are lower as such trades are settled on a DVP basis. In the event the counterparty is unable to pay back the money to the scheme as contracted on maturity, the scheme may dispose of the assets (as they have sufficient margin) and the net proceeds may be refunded to the counterparty Government securities and As a member of securities segment and Triparty repo segment, maintenance of Triparty repo on Government sufficient margin is a mandatory requirement. CCIL monitors these on a real time basis and securities or treasury bills: requests the participants to provide sufficient margin to enable the trades etc. Also, there are stringent conditions / requirements before registering any participants by CCIL in these segments. Since settlement is guaranteed the loss on this account could be minimal though there could be an opportunity loss. Units of mutual Mutual Fund portfolios are generally well diversified and typically endeavor to provide liquidly on a T+1/T+2 basis and aim to mitigate any risks arising out of underlying investments. Commodity fund schemes ETF’s are quite liquid as they can either be created /redeemed with the fund house or traded on the exchange. Tracking errors Over a short period, the Scheme may carry the risk of variance between portfolio composition and Benchmark. The objective of the Scheme is to closely track the performance of the Underlying Index over the same period, subject to tracking error. The Scheme would endeavor to maintain a low tracking error by actively aligning the portfolio in line with the Index. While these measures are expected to mitigate the above risks to a large extent, there can be no assurance that these risks would be completely eliminated. 25The measures mentioned above is based on current market conditions and may change from time to time based on changes in such conditions, regulatory changes and other relevant factors. Accordingly, our investment strategy, risk mitigation measures and other information contained herein may change.in response to the same. II. Information about the scheme: A. Where will the scheme invest Sr. Instruments in which the scheme will invest No. 1 Securities of companies constituting Nifty India Manufacturing Index 2 Equity Derivatives of the index itself or its constituent stocks 3 Cash & Cash Equivalents including Government Securities, T-Bills and Repo on Government Securities 4 Money Market Instruments 5 Reverse repo and / or Tri-Party Repo on Government securities or Treasury bills Schemes of Nippon India Mutual Fund and/ or any other mutual fund which invest in the money market securities or Liquid 6 Schemes 7 Unrated debt and money market instruments The net assets of the Scheme will be invested predominantly in stocks constituting the Nifty India Manufacturing Index and / or its exchange traded derivatives. A small portion of the net assets will be invested in money market instruments permitted by SEBI / RBI. Subject to the Regulations, the amount collected under this scheme can be invested in any (but not exclusively) of the following securities / instruments: (1) Equity and Equity related Securities of companies constituting Nifty India Manufacturing Index. (2) Cash & cash equivalents and Money Market instruments, Reverse repo and / or Tri-Party Repo on Government securities or Treasury bills and/or Schemes of Nippon India Mutual Fund and/ or any other mutual fund which invest in the money market securities or Liquid Schemes. Cash Equivalents include Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days. (3) The Scheme may take derivatives positions like stock/Index futures, Stock/Index options subject to the guidelines issued by SEBI from time to time and in circumstances mentioned under the section “HOW WILL THE SCHEME ALLOCATE ITS ASSETS”. (4) Any other instruments / securities, which in the opinion of the fund manager would suit the investment objective of the scheme subject to compliance with extant Regulations, after seeking necessary approval, whenever required. Securities Lending by the Fund: The scheme shall engage in securities lending for equity investments, in line with the SEBI (Mutual Funds) Regulations, 1996, Securities Lending Scheme, 1997and Clause 12.11 of SEBI Master Circular dated June 27, 2024 notifying framework 13 for lending of securities and such other applicable guidelines as may be amended from time to time. The scheme may engage in Securities Lending not exceeding 15% of the net assets of the scheme and shall not lend more than 5% of its Net Assets to a single counterparty or such other limits as may be permitted by SEBI from time to time. In accordance with the Regulations and applicable guidelines, the Fund may engage in stock lending activities. The Securities will be lent by the Approved Intermediary against collateral received from borrower, for a fixed period of time, on expiry of which the securities lent will be returned by the borrower. It may be noted that this activity would have the inherent probability of collateral value drastically falling in times of strong downward market trends, resulting in inadequate value of collateral until such time as that diminution in value is replenished by additional security. It is also possible that the borrowing party and/or the approved intermediary may suddenly suffer severe business setback and become unable to honor its commitments. This along with a simultaneous fall in value of collateral would render potential loss to the Scheme. Besides, there can also be temporary illiquidity of the securities that are lent out and the scheme may not be able to sell such lent out securities. Debt Market In India The Indian Debt market is facing major shift in the recent times. The substantial growth in Mutual Fund collections in the past few years have provided an easy route for the investors to channelise their savings into the debt market, which otherwise is largely dominated by Banks and other Institutional investors. At present, the Indian debt market is dominated by issues of Central Government bonds, Corporate Debentures and PSU Bonds. The new Securitised instruments are also very attractive in the primary market. Risk associated with securitized Debt or PTCs are credit risk, liquidity risk and price risk/interest rate risk. The other instruments available for investment are Commercial Papers, Certificate of Deposits, Government guaranteed bonds, etc. 26Brief details about the instruments are given below as on Jun 30, 2025. Instruments Listed/ Unlisted Current Yield Range As on Liquidity Risk profile Jun 30, 2025 Central Government Securities Listed 5.57% - 7.14% High Low Corporate Debentures / PSU Bonds Listed 6.40%-7.05% Moderate Low CDs (short term) Unlisted 5.80% - 6.40% High Low Call Money Unlisted 4.75%- 5.70% High Low Mibor linked Papers* Listed 40-60 bps Low Low * Range of spread of 5 year AAA Corporate bond and OIS papers of similar maturity A brief description about yields presently available on Central Govt. Securities /Bonds & Debentures of various maturities is as follows: Annualised yields (as on Jun 30, 2025) are: Yrs =< 1yr 1yr - 5yr 5yr - 10yrs 10yr - 30 yrs Central Government securities 5.65%-5.74% 5.67%-6.21% 6.23%-6.54% 6.56%-7.17% Debentures / Bonds (AAA rated) 6.40%-6.50% 6.68%-6.85% 6.80%-7.05% - THE PRICE AND YIELD ON VARIOUS DEBT INSTRUMENTS FLUCTUATE FROM TIME TO TIME DEPENDING UPON THE MACRO ECONOMIC SITUATION, INFLATION RATE, OVERALL LIQUIDITY POSITION, FOREIGN EXCHANGE SCENARIO, ETC. ALSO, THE PRICE AND YIELD VARIES ACCORDING TO MATURITY PROFILE, CREDIT RISK ETC.. B. What are the investment restrictions? The investment policy of the scheme complies with the rules, regulations and guidelines laid out in SEBI (Mutual Funds) Regulations, 1996. As per the Regulations, specifically the Seventh Schedule, the following investment limitations are currently applicable: (1) All investments by a mutual fund scheme in equity shares and equity related instruments shall only be made provided such securities are listed or to be listed. (2) Mutual Fund scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of directors of the asset management company. Provided that such limit shall not be applicable for investments in Government Securities, treasury bills and Tri-Party Repo on Government securities or Treasury bills. Provided further that the schemes already in existence shall within an appropriate time and in the manner, as may be specified by the Board, conform to such limits. As per clause 12.8 of SEBI Master circular dated June 27, 2024, the scheme shall not invest more than: a. 10% of its NAV in debt and money market securities rated AAA; or b. 8% of its NAV in debt and money market securities rated AA; or c. 6% of its NAV in debt and money market securities rated A and below issued by a single issuer. The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified in clause 1 of Seventh Schedule of MF Regulation Note: According to the Asset Allocation of the Scheme, the indicative allocation of the Scheme to Debt, cash & cash equivalents and money market instruments shall be in the range of 0% to 5% of the net assets of the Scheme. (3) Investment in unrated debt and money market instruments, other than government securities, treasury bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. by mutual fund schemes shall be subject to the following: a) Investments should only be made in such instruments, including bills re-discounting, usance bills, etc., that are generally not rated and for which separate investment norms or limits are not provided in SEBI (Mutual Fund) Regulations, 1996 and various circulars issued thereunder. b) Exposure of mutual fund schemes in such instruments, shall not exceed 5% of the net assets of the schemes. c) All such investments shall be made with the prior approval of the Board of AMC and the Board of trustees. (4) The Mutual Fund under all its schemes taken together will not own more than 10% of any companies paid up capital carrying voting rights. Provided, investment in the asset management company or the trustee company of a mutual fund shall be governed by clause (a) of subregulation (1), of regulation 7B. (5) Transfers of investments from one scheme to another scheme in the Mutual Fund shall be allowed only if: I. Such transfers are done at the prevailing market price for quoted instruments on spot basis; II. The securities so transferred shall be in conformity with the investment objectives & policies of the Scheme to which such transfer has been made. 27Such transfer would be in accordance with the Clause 12.30 of SEBI Master circular dated June 27, 2024 or any other circular issued by SEBI from time to time. (6) The Scheme may invest in money market / liquid schemes under the same asset management company or in any other mutual fund without charging any fees, provided the aggregate inter scheme investments made by all Schemes under the same management company or in schemes under the management of any other AMC shall not exceed 5% of NAV of the Mutual Fund. [Provided that this clause shall not apply to any fund of funds scheme. (7) The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relative securities and in all cases of sale, deliver the securities. Provided that a mutual fund may engage in short selling of securities in accordance with the framework relating to short selling and securities lending and borrowing specified by the Board. Provided further that a mutual fund may enter into derivatives transactions in a recognized stock exchange, subject to the framework specified by the Board. Provided further that sale of government security already contracted for purchase shall be permitted in accordance with the guidelines issued by the Reserve Bank of India in this regard. (8) The Fund shall get the securities purchased or transferred in the name of the Fund on account of the concerned scheme, wherever investments are intended to be of a long-term nature. (9) The fund’s schemes shall not make any investment in: (i) Any unlisted security of an associate or group company of the sponsor (ii) Any security issued by way of private placement by an associate or group company of the sponsor (iii) No Mutual Fund scheme shall make any investment in the listed securities of group companies of the sponsor which is in excess of 25 per cent of the net assets of the scheme, except for investments by equity oriented exchange traded funds (ETFs)and Index Funds and subject to such conditions as may be specified by SEBI.Accordingly, it has been decided as under: • Equity oriented ETFs and Index Funds, based on widely tracked and non-bespoke indices, can make investments in accordance with the weightage of the constituents of the underlying index. However, such investments shall be subject to an overall cap of 35% of net asset value of the scheme, in the group companies of the sponsor. • Widely tracked and non-bespoke indices shall be indices that are tracked by passive funds or act as primary benchmark for actively managed funds with collective Assets under Management (AUM) of INR 20,000 Cr. and above. (10) The Scheme shall not invest in a fund of funds scheme. (11) Pending deployment of funds of the scheme in securities in terms of the investment objectives and policies of the scheme, the Mutual Fund can invest the fund of the scheme in short term deposits of scheduled commercial banks subject to the guidelines as applicable from time to time. Pursuant to the Clause 12.16 of SEBI Master circular dated June 27, 2024, where the cash in the scheme is parked in short term deposits of Scheduled Commercial Banks pending deployment, the scheme shall abide by the following guidelines: • “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. • Such short-term deposits shall be held in the name of the Scheme. • The scheme shall not park more than 15% of the net assets in short term deposit(s) of all the scheduled commercial banks put together. However, such limit may be raised to 20% with prior approval of the Trustee. • Parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. • The scheme shall not park more than 10% of the net assets in short term deposit(s), with any one scheduled commercial bank including its subsidiaries. • The scheme shall not park funds in short term deposit of a bank, which has invested in the Scheme. Further, the bank in which a scheme has short term deposit will not invest in the said scheme until the scheme has short term deposit with the bank. • NAM INDIA will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks. The aforesaid limits shall not be applicable to term deposits placed as margins for trading in cash and derivatives market. (12) No term loans for any purpose will be advanced by the Scheme. (13) The AMC may invest in the Scheme in the new fund offer. However, it shall not charge any investment management fee on such amounts invested by it. (14) The Scheme shall not invest more than 10% of its NAV in equity shares/equity related instruments of any company. Provided that, the limit of 10% shall not be applicable for investments in index fund or sector/industry specific scheme. As per Clause 12.5 of SEBI Master circular dated June 27, 2024 “the investments by index funds shall be in accordance with the weightage of the scrips in the specific index as disclosed in the Scheme Information Document. In case of sector/industry specific scheme, the upper ceiling on investments may be in accordance with the weightage of the scrips in the respective sectoral index/sub index or 10% of the NAV of the scheme whichever is higher.” 28(15) In case any company has invested more than 5% of the net asset value of a scheme, the investment made by that scheme or by any other scheme of the same Mutual Fund in that company or its subsidiaries, if any, shall be brought to the notice of the Trustees by NAM INDIA and be disclosed in the half-yearly and annual accounts with justification for such investment provided that the latter investment has been made within one year of the date of the former investment calculated on either side. (16) The Scheme will comply with any other regulations applicable to the investments of mutual funds from time to time. (17) The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the purpose of repurchase / Redemption of Units or payment of interest and IDCW to the Unitholders. Provided that the Fund shall not borrow more than 20% of the net assets of any individual Scheme and the duration of the borrowing shall not exceed a period of 6 months. In case of borrowing through repo transactions the tenor of such transaction shall not exceed a period of six months. (18) In order to address the risk related to portfolio concentration in Index Funds in accordance withClause 3.4 of SEBI Master circular dated June 27, 2024 , the following norms are adopted: a) The index shall have a minimum of 10 stocks as its constituents. b) For a sectoral/ thematic Index, no single stock shall have more than 35% weight in the index. For other than sectoral/ thematic indices, no single stock shall have more than 25% weight in the index. c) The weightage of the top three constituents of the index, cumulatively shall not be more than 65% of the Index. d) The individual constituent of the index shall have a trading frequency greater than or equal to 80% and an average impact cost of 1% or less over previous six months. (19) The cumulative gross exposure through equity, Money Market instruments and derivative positions (including Fixed income derivatives) should not exceed 100% of the net assets of the scheme. As per SEBI Letter dated 3rd November 2021 Cash and cash equivalents having residual maturity of less than 91 Days are not considered for the purpose of calculating gross exposure limit. (20) The scheme may engage in Securities Lending not exceeding 15% of the net assets of the scheme and shall not lend more than 5% of its Net Assets to a single counterparty (here counterparty means an intermediary/broker through whom we deal in securities) or such other limits as may be permitted by SEBI from time to time after seeking necessary approval, whenever required. (21) The scheme shall not invest in unlisted debt instruments including commercial papers, except Government Securities and other money market instruments. However, scheme may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10% of the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up upfront, without any credit enhancements or structured obligations) and are rated and secured with coupon payment frequency on monthly basis and subject to the conditions as may be specified by the Board from time to time Provided further that mutual fund schemes shall comply with the norms under this clause within the time and in the manner as may be specified by the Board. Provided further that the norms for investments by mutual fund schemes in unrated debt instruments shall be specified by the Board from time to time. The scheme seeks to replicate a particular Index hence shall ensure that the index complies with the aforesaid norms. All investment restrictions stated above shall be applicable at the time of making investment. The Scheme will not enter into any transaction, which exposes it to unlimited liabilities or results in the encumbering of its assets in any way so as to expose them to unlimited liability. These investment limitations / parameters as expressed / linked to the net asset / net asset value / capital, shall in the ordinary course, apply as at the date of the most recent transaction or commitment to invest. Changes do not have to be effected merely because of appreciation or depreciation in value or by reason of the receipt of any rights, bonuses or benefits in the nature of capital or of any scheme of arrangement or for amalgamation, reconstruction or exchange, or at any repayment or redemption or other reason outside the control of the Fund, any such limits would thereby be breached. If these limits are exceeded for reasons beyond its control, AMC shall adopt as a priority objective the remedying of that situation, taking due account of the interests of the Unitholders. The Trustee Company in consultation with AMC may alter these above stated limitations from time to time, and also to the extent the Regulations change, so as to permit the Scheme to make its investments in the full spectrum of permitted investments in order to achieve its investment objectives & policies. As such, all investments of the Scheme will be made in accordance with the Regulations including Schedule VII thereof and the Fundamental Attributes of this Scheme. At NIMF, to ensure robust risk management and adequate portfolio diversification internal Investment policy for various equity and debt schemes has been framed. The investment policy at NIMF specifies limits both on overall basis (across all schemes) as well as on individual scheme level. Guidelines and the following parameters for liquid as well as non liquid schemes have been specified in the policy as follows: (i) Eligible Instruments - Defines the eligible instruments where the scheme can invest (ii) Minimum Liquidity - Defines the instruments considered as liquid instruments and the minimum investments in these instruments as a percentage of total net assets (iii) Maximum Illiquid component - Defines the instruments considered as illiquid and the maximum investment that can be made in these instruments as a percentage of net assets. (iv) Rating - Defines minimum and/ or maximum investment in a particular rating as a percentage of total portfolio. (v) Maturity - Defined the weighted average maturity of a portfolio. Also defines the weighted average maturity, maximum and maturity for certain asset types like corporate bond, PTCs, Gilts etc. (vi) All the Schemes securities investment will be in transferable securities. 29Investment by the AMC in the Scheme Subject to the Regulations, the AMC may invest in the Scheme during the NFO and/or on ongoing basis. In terms of sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations,1996 read along with Clause 6.9 of the SEBI Master Circular dated June 27, 2024 and AMFI Best Practice Guidelines Circular No.100 /2022-23 dated April 26, 2022 on ‘Alignment of interest of AMCs with the Unitholders of the Mutual Fund schemes’ , the AMC shall invest its own funds in the scheme(s) based on the risks associated with the schemes, as may be specified by the SEBI from time to time. Further, the AMC shall not charge any investment management and advisory fee on its investment in the Scheme (s), unless allowed to do so under SEBI Regulations in the future. For details of investment please visit: https://mf.nipponindiaim.com/investor-service/statutory-disclosures C. Fundamental Attributes Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master Circular for Mutual Funds dated June 27, 2024: (i) Type of a scheme - An open-ended scheme replicating/ tracking Nifty India Manufacturing Index (ii) Investment Objective • Main Objective: - The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty India Manufacturing Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved. • Investment pattern:- For Detailed description, please refer to Section I - Part II – B (HOW WILL THE SCHEME ALLOCATE ITS ASSETS?) (iii) Terms of Issue • Liquidity provisions such as repurchase/redemption of units Nippon India Nifty India Manufacturing ETF shall be listed on the Exchange, subsequent buying or selling by Unit holders can be made from the secondary market. For details on repurchase/redemption of units please refer section on redemption. • Aggregate fees and expenses charged to the scheme. i) New Fund Offer (NFO) Expenses : Refer to Section I - Part-III - B ii) Annual Scheme Recurring Expenses : Refer to Section I - Part-III - C • Any safety net or guarantee provided. – Not Applicable In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master Circular for Mutual Funds dated June 27, 2024, the trustees shall ensure that no change in the fundamental attributes of the Scheme, the fee and expenses payable or any other change which would modify the Scheme and affect the interests of Unitholders is carried out by the AMC, unless it complies with sub-regulation (26) of Regulation 25 of the SEBI (MF) Regulations. Further, in accordance with Regulation 25 (26) of the SEBI (MF) Regulations, the AMC shall ensure that no change in the fundamental attributes of the Scheme or the trust or fee and expenses payable or any other change which would modify the Scheme and affect the interests of Unitholders shall be carried out unless: (i) A written communication about the proposed change is sent to each Unitholder and an advertisement is issued in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and (ii) The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load. In addition to the above, for bringing change in the fundamental attributes of the scheme, the comments shall be taken from SEBI before bringing such change(s). D. Index methodology About the Index ‘Nifty India Manufacturing’ Index aims to track the performance of the companies selected from the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index based on 6 month average free-float market capitalisation within the eligible basic industries that broadly represent manufacturing sector. A stock’s weight is based on its free-float market capitalization. The salient features of this index are: • The index has a base date of April 01, 2005, with a base value of 1000 • Stocks forming part of the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 at the time of review are eligible for inclusion in the index • Stocks forming part of the eligible ‘basic industry’ based on AMFI classification shall be eligible to be included from the universe at the time of review. (Refer Annexure 1 for list of such eligible basic industries) • Provides ~75% coverage of Free Float Market Cap of eligible stocks within each eligible basic industry of the combined universe • The weight of each stock in the index is based on its free float market capitalization with a maximum stock cap of 5% and minimum weight to certain manufacturing sectors shall be 20% each • Index is reconstituted and rebalanced semi-annually 30Eligibility Criteria: To form part of the Nifty India Manufacturing index, stocks should satisfy the following eligibility criteria. Stock Selection Universe: • Stocks forming part / going to be a part of the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index at the time of review • Only ordinary equity shares will be considered Stock Selection criteria: Selection of the stocks shall be done in following steps: Step 1: Select all the eligible stocks from Nifty 100 Step 2: If the cumulative coverage based on 6 month Average FFMCAP of the stocks selected in the step 1 is less than 75% within their basic industries across the combined universe, then the stocks from Nifty Midcap 150 and Nifty Smallcap 50 are sorted in the descending order of the 6 month Average Free-float mcap* within each basic industry Step 3: The stocks are then selected from the sorted universe until the 75% coverage by cumulative weight (including the stocks selected in step 1) of 6 month Average FFMCAP of the eligible stocks within the basic industry is reached. Weights and capping: • Weights of each stock in the index will be calculated based on its free-float market capitalization • The following manufacturing sectors shall have a minimum weight^ of 20% each 1. Automobile and Auto Components 2. Capital Goods • The maximum weight of each stock within the index is capped at 5% • The weight of the stocks shall be rebalanced on a semi-annual basis along with the Nifty Broad-based indices ^In case the number of stocks within the Automobile and Auto Components or Capital Goods sector falls below 4, the constraint of minimum sector weight will be relaxed for that sector Reconstitution: • Index reconstitution and rebalancing will be done along with the Nifty Broad-based indices on a semi-annual basis in March and September and made effective on the last trading day of March and September using the 6 month Average free-float capitalization ended January and July respectively • Stocks forming part/going to be part of the eligible basic industries within the combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 at the time of review are eligible to be the part of the index • The following guidelines are used in order to achieve the target sector coverage of 75% o Step 1: Select all the eligible stocks from Nifty 100 o Step 2: If the cumulative coverage based on 6 month Average FFMCAP of the stocks selected in the step 1 is less than 75% within their basic industries within the combined universe, the stocks from Nifty Midcap 150 and Nifty Smallcap 50 are sorted in the descending order of the 6 month Average Free-float mcap within their basic industries o Based on the above sorting the cumulative % free-float basic industry coverage is calculated o In each basic industry where the cumulative % free-float coverage after the selection of stocks within Nifty 100 is less than 75%, the companies are selected until the cumulative basic industry coverage of the selected companies crosses 75% following the below guidelines:  The company that increases the cumulative basic industry coverage above 75% is termed as ‘marginal company’  If the marginal company is an existing index constituent, it is retained in the index.  If the marginal company is a new constituent, it will be included in the index:  Only if the cumulative weight of companies before the addition of marginal company is less than 70%  If the cumulative weight exceeds 75% after the addition of the marginal stock, such that the excess weight above 75% is lower than the earlier deficit below 75% (i.e. 75% minus the cumulative weight before including the marginal stock) For instance, if the cumulative weight of the stocks before the addition of marginal stock is 72.5% and on the addition of the marginal stock, the cumulative weight becomes 77%, the stock will be included in the index (as the excess weight of 2% is lower than the deficit of 2.5%). But if on the addition of marginal stock the weight becomes 78%, the new constituent will not be included in the index (as the excess weight of 3% is higher than the deficit of 2.5%)  If there is only 1 eligible stock within the basic industry, it is included in the index • If adding a non-marginal existing index constituent(s) ranked immediately after the marginal stock does not increase the basic industry coverage beyond 80%, such existing stock(s) would be retained in the index 31• Apart from the scheduled semi-annual review, additional ad-hoc reconstitution and rebalancing of the index shall be initiated in case any of the index constituents undergoes suspension or delisting or scheme of arrangement • Further, on a quarterly basis, indices will be screened for compliance with the portfolio concentration norms for ETFs/ Index Funds announced by SEBI on January 10, 2019. In case of non-compliance, suitable corrective measures will be taken to ensure compliance with the norms. Constituent Weightings Index constituents are weighted based on their float-adjusted market capitalization. In accordance with Clause 3.4 of SEBI Master Circular dated June 27, 2024, the underlying index shall comply with the portfolio concentration norms as prescribed. Nifty India Manufacturing Index Constituents as on June 30, 2025 Sr. Index ISIN Name of Constituents Impact Cost No. Weightage (%) INE002A01018 RELIANCE INDUSTRIES LTD. 5.04% 0.01 1 INE044A01036 SUN PHARMACEUTICAL INDUSTRIES LTD. 4.88% 0.02 2 INE101A01026 MAHINDRA & MAHINDRA LTD. 4.88% 0.02 3 INE585B01010 MARUTI SUZUKI INDIA LTD. 4.40% 0.02 4 INE263A01024 BHARAT ELECTRONICS LTD. 3.94% 0.02 5 INE155A01022 TATA MOTORS LTD. 3.88% 0.02 6 INE081A01020 TATA STEEL LTD. 3.57% 0.02 7 INE038A01020 HINDALCO INDUSTRIES LTD. 2.71% 0.02 8 INE019A01038 JSW STEEL LTD. 2.62% 0.03 9 INE917I01010 BAJAJ AUTO LTD. 2.51% 0.02 10 INE066F01020 HINDUSTAN AERONAUTICS LTD. 2.41% 0.02 11 INE361B01024 DIVI'S LABORATORIES LTD. 2.34% 0.03 12 INE059A01026 CIPLA LTD. 2.29% 0.02 13 INE205A01025 VEDANTA LTD. 2.11% 0.02 14 INE089A01031 DR. REDDY'S LABORATORIES LTD. 2.11% 0.02 15 INE040H01021 SUZLON ENERGY LTD. 2.11% 0.32 16 INE066A01021 EICHER MOTORS LTD. 2.10% 0.02 17 INE494B01023 TVS MOTOR COMPANY LTD. 1.85% 0.03 18 INE029A01011 BHARAT PETROLEUM CORPORATION LTD. 1.74% 0.03 19 INE935N01020 DIXON TECHNOLOGIES (INDIA) LTD. 1.58% 0.04 20 INE158A01026 HERO MOTOCORP LTD. 1.49% 0.02 21 INE242A01010 INDIAN OIL CORPORATION LTD. 1.48% 0.02 22 INE318A01026 PIDILITE INDUSTRIES LTD. 1.27% 0.03 23 INE647A01010 SRF LTD. 1.27% 0.03 24 INE326A01037 LUPIN LTD. 1.27% 0.03 25 INE775A01035 SAMVARDHANA MOTHERSON INTERNATIONAL LTD. 1.23% 0.03 26 INE298A01020 CUMMINS INDIA LTD. 1.20% 0.03 27 INE343H01029 SOLAR INDUSTRIES INDIA LTD. 1.16% 0.05 28 INE067A01029 CG POWER AND INDUSTRIAL SOLUTIONS LTD. 1.14% 0.03 29 INE176B01034 HAVELLS INDIA LTD. 1.06% 0.03 30 INE685A01028 TORRENT PHARMACEUTICALS LTD. 0.96% 0.03 31 INE465A01025 BHARAT FORGE LTD. 0.94% 0.03 32 INE749A01030 JINDAL STEEL & POWER LTD. 0.94% 0.03 33 INE208A01029 ASHOK LEYLAND LTD. 0.94% 0.02 34 INE628A01036 UPL LTD. 0.90% 0.03 35 INE603J01030 PI INDUSTRIES LTD. 0.90% 0.04 36 INE974X01010 TUBE INVESTMENTS OF INDIA LTD. 0.90% 0.03 37 32INE257A01026 BHARAT HEAVY ELECTRICALS LTD. 0.89% 0.03 38 INE455K01017 POLYCAB INDIA LTD. 0.86% 0.03 39 INE406A01037 AUROBINDO PHARMA LTD. 0.86% 0.03 40 INE0V6F01027 HYUNDAI MOTOR INDIA LTD. 0.85% 0.04 41 INE761H01022 PAGE INDUSTRIES LTD. 0.84% 0.04 42 INE117A01022 ABB INDIA LTD. 0.83% 0.02 43 INE702C01027 APL APOLLO TUBES LTD. 0.82% 0.05 44 INE226A01021 VOLTAS LTD. 0.81% 0.03 45 INE169A01031 COROMANDEL INTERNATIONAL LTD. 0.80% 0.03 46 INE883A01011 MRF LTD. 0.78% 0.04 47 INE323A01026 BOSCH LTD. 0.77% 0.04 48 INE003A01024 SIEMENS LTD. 0.75% 0.05 49 INE195A01028 SUPREME INDUSTRIES LTD. 0.74% 0.04 50 INE540L01014 ALKEM LABORATORIES LTD. 0.72% 0.04 51 INE010B01027 ZYDUS LIFESCIENCES LTD. 0.67% 0.03 52 INE249Z01020 MAZAGOAN DOCK SHIPBUILDERS LTD. 0.64% 0.03 53 INE299U01018 CROMPTON GREAVES CONSUMER ELECTRICALS LTD. 0.62% 0.05 54 INE878B01027 KEI INDUSTRIES LTD. 0.61% 0.05 55 INE073K01018 SONA BLW PRECISION FORGINGS LTD. 0.58% 0.04 56 INE472A01039 BLUE STAR LTD. 0.57% 0.05 57 INE787D01026 BALKRISHNA INDUSTRIES LTD. 0.53% 0.04 58 INE006I01046 ASTRAL LTD. 0.48% 0.04 59 INE302A01020 EXIDE INDUSTRIES LTD. 0.48% 0.03 60 INE704P01025 COCHIN SHIPYARD LTD. 0.46% 0.28 61 INE267A01025 HINDUSTAN ZINC LTD. 0.45% 0.04 62 INE918Z01012 KAYNES TECHNOLOGY INDIA LTD. 0.43% 0.04 63 INE09N301011 GUJARAT FLUOROCHEMICALS LTD. 0.40% 0.06 64 INE092A01019 TATA CHEMICALS LTD. 0.40% 0.04 65 INE473A01011 LINDE INDIA LTD. 0.38% 0.05 66 INE288B01029 DEEPAK NITRITE LTD. 0.37% 0.05 67 INE055A01016 ADITYA BIRLA REAL ESTATE LTD. 0.34% 0.06 68 INE212H01026 AIA ENGINEERING LTD. 0.34% 0.07 69 INE019C01026 HIMADRI SPECIALITY CHEMICAL LTD. 0.33% 0.07 70 INE930H01031 K.P.R. MILL LTD. 0.31% 0.07 71 INE172A01027 CASTROL INDIA LTD. 0.29% 0.04 72 INE042A01014 ESCORTS KUBOTA LTD. 0.29% 0.04 73 INE531E01026 HINDUSTAN COPPER LTD. 0.25% 0.05 74 INE671A01010 HONEYWELL AUTOMATION INDIA LTD. 0.23% 0.07 75 INE010J01012 TEJAS NETWORKS LTD. 0.15% 0.06 76 Source: NSE E. Principles of incentive structure for market makers (for ETFs) Guiding principles of incentive structure for Market Maker Incentives to market maker will be linked to performance of the market maker in terms of generating liquidity in units of ETFs. Incentives, if any, to MM shall be charged to the scheme within the maximum permissible limit of Total Expense Ratio (TER). Determination of incentive for Market maker It will be determined basis any or all of the below mentioned criteria: I. It will be based on volume carried out by market maker on the exchange as compared to total volume of respective ETFs on exchange. 33II. It can be fixed monthly compensation which should not exceed TER of the scheme. III. Any other performance-based incentive. Incentives to market maker shall be at the discretion of the AMC & to be decided between the AMC and the MM which may be variable in nature or fixed amount adhering to maximum permissible limit of TER. Incentives, if any, will be payable to MM subject to MM fulfilling its obligations and responsibilities. F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of asset, as per clause 13.6.2 of SEBI master circular for mutual funds dated June 27, 2024 (only for close ended debt schemes)- Not Applicable. G. Other Scheme Specific Disclosures: Listing and transfer of units Listing:- The units of the Scheme shall be listed on the BSE Limited and/or National Stock Exchange of India Limited for ongoing trading within 5 working days from the date of allotment. The trading will be as per the normal settlement cycle. The AMC reserves the right to list the units of the Scheme on any other recognized stock exchange. The minimum number of units that can be bought or sold through the stock exchange is 1 (one) unit. Transfer of units:- The units of Nippon India Nifty India Manufacturing ETF are transferable via the Depository Participant (DP) as the Units are held compulsorily in dematerialised form. Transfers should be only in favour of transferees who are eligible of holding units under the scheme. The delivery instructions for transfer of Nippon India Nifty India Manufacturing ETF units will have to be lodged with the DP in the requisite form as may be required from time to time and the transfer will be effected in accordance with such rules / regulations as maybe in force governing transfer of securities in dematerialized mode. Under special circumstances, holding of units by a company or other body corporate with another company or body corporate or an individual/ individuals, none of whom is a minor, may be considered by the AMC. Any addition, deletion of name of the Unit holder is deemed as transfer of Units. In The said provisions in respect of deletion of names will not be applicable in case of death of a Unit holder (in respect of joint holdings) as this is treated as transmission of Unit and not a transfer, and will be in accordance with the rules / Regulations as maybe in force governing transfer of securities in dematerialized mode. For all Transfer/ Transmission, the investors need to approach their respective DP. Nippon India Nifty India Manufacturing ETF units will be available only in the Dematerialization of units Dematerialized form only. The applicant under the Scheme will be required to have a beneficiary account with a Depository Participant of NSDL/CDSL and will be required to indicate in the application the DP’s name, DP ID Number and its beneficiary account number with DP. Since Nippon India Nifty India Manufacturing ETF are to be issued / repurchased and traded compulsorily in dematerialized form, no request for rematerialisation will be accepted. Applications without relevant details of his / her / their depository account are liable to be rejected. Minimum Target amount (This is the Rs. 5 crores minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return.) Maximum Amount to be raised (if any) There will not be any limit on the amount to be raised and the Fund will make full and firm allotment against all valid applications. The Trustee may declare IDCW to the Unit holders under the Scheme subject to the Dividend Policy (IDCW) availability of distributable surplus and the actual distribution of IDCWs and the frequency of distribution will be entirely at the discretion of the Trustee, in accordance with the SEBI Regulations. Such IDCW will be payable to the Unit holders whose names appear on the register of Unit holders on the record date as fixed for the Scheme. The IDCW declared will be paid net of tax deducted at source, wherever applicable, to the Unit holders within 7 working days from the record date. The amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. 34The Scheme will follow the requirements stipulated in the listing agreement for declaration of IDCW. There is no assurance or guarantee to the Unit holders as to the rate of IDCW distribution nor that the IDCW will be paid regularly. If the Fund declares IDCW, the NAV of the Scheme will stand reduced by the amount of IDCW and IDCW distribution tax (if applicable) paid. All the IDCW payments shall be in accordance and compliance with SEBI & Exchanges Regulations, as applicable from time to time. Procedure for distribution of IDCW: The IDCW proceeds may be paid by way of cheques, IDCW warrants / direct credit / National Electronic Funds Transfer (“NEFT”) / Real Time Gross Settlement (“RTGS”) / Electronic Clearing System (“ECS”) or any other manner to the Unit holder’s bank account as specified in the Registrar’s / Depository’s records. The AMC, at its discretion at a later date, may choose to alter or add other modes of payment, in accordance with the SEBI Regulations. Please refer to the Statement of Additional Information for details on unclaimed Redemptions and IDCWs. Allotment (Detailed procedure) Subject to (i) the achievement of the Minimum Target Amount; (ii) receipt of duly completed Application Forms; (iii) realization of the specified minimum Subscription amount from the Investor, and (iv) provisions set out in the paragraph on ‘Rejection of the application’ below, allotment of Units applied for will be made within five business days from the date of closure of the NFO Period for all valid applications received during the NFO Period. Upon allotment, each Unit holder shall be sent an account statement / allotment advice by ordinary post / courier / e-mail / SMS on the Unit holder’s registered email address and/or mobile number, confirming the number of Units allotted to the Unit holder, not later than five business days from date of allotment. Provided that the Fund reserves the right to reverse the transaction of crediting Units in the Unit holder’s account, in the event of non-realisation of any cheque or other instrument remitted by the Investor. Unit holders may verify the contents of allotment advice and revert to the Fund immediately in case of any discrepancy. In the event the Unit holder fails to inform the Fund within 5 days from the date of allotment advice, it shall be deemed to be correct. The Units will be credited to the DP account of the applicant as per the details provided in the Application Form. Any excess amount would be refunded to the Investor. The AMC will only issue the initial account statement / allotment advice to the Unit holder. Thereafter, the Depository Participant with whom the Unit holder has a Depository account will send a holding statement in accordance with the byelaws of the Depository. As the Units of the Scheme are in demat form, the holding statement issued by the Depository Participant would be deemed to be adequate compliance with requirements of SEBI regarding provision of account statements. Investors to also note that the AMC will not co-ordinate to issue any monthly or half yearly consolidated account statement to Unit holders of this Scheme. Allotment price of Units will be based on the investment of NFO proceeds in the Securities of the Scheme as mentioned in the asset allocation pattern. The allotment price for the Scheme in the NFO will be calculated as per the method set out in the definition of Allotment Price during New Fund Offer. The Scheme will endeavour to invest the NFO proceeds in the underlying Security on or before the Allotment Date. Allotment of Units under the Scheme would be at the discretion of the Trustees. All Units would be allotted inwhole numbers and no fractional Units will be allotted. The Trustees shall be entitled, at their absolute discretion, to reject any application / Application Form, in accordance with the SEBI Regulations. The Units of the Scheme will be available in dematerialized (electronic) form only. The investor intending to invest in Units of the Scheme will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP’s Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units. The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form. Refund If any application is rejected, full amount will be refunded within five business days of closure of the NFO. No interest will be payable on any subscription money refunded within five business days. If refunded later than five business days, interest @ 15% p.a. for the delay period will be paid to the applicant and borne by the AMC for the period from the day following the date of expiry of five business days until the actual date of the refund. Refund will be initiated in the name of the applicant in the case of a sole applicant and in the name of the first applicant in all other cases. In both cases, the bank account 35number and bank name, as specified in the application/ source bank account from where the payment was issued., will be considered for refund. The bank and/ or collection charges, if any, will be borne by the applicant. All the refund payments will be initiated in the manner as may be specified by SEBI from time to time. In case of allotment the balance amount on account of fractional Units not allotted will be refunded to the bank account as registered in Depository Participant’s records. For investments done through Stock Exchange platforms, the refund will be made through respective Stock Exchange settlement The units of the scheme are being offered to the public for subscription Who can invest The following persons (subject, wherever relevant, to purchase of units being permitted This is an indicative list and investors shall consult their financial advisor to under their respective constitutions and relevant State Regulations) are eligible to ascertain whether the scheme is subscribe to the units suitable to their risk profile 1. Resident Adult Individuals, either single or jointly (not exceeding three). 2. Non – resident Indians and persons of Indian origin residing abroad, on a full repatriation basis 3. Parents / Lawful guardians on behalf of Minors* 4. Hindu Undivided Families (HUFs) in the name of HUF or Karta 5. Companies (including Public Sector Undertakings), Bodies Corporate, Trusts (through Trustees) and Cooperative Societies 6. Banks (including Regional Rural Banks) and Financial Institutions 7. Religious and Charitable Trusts (through Trustees), Private Trusts authorised to invest in Mutual Fund schemes under their Trust Deeds 8. Special Purpose Vehicles (SPVs) approved by appropriate authority (subject to RBI approval) 9. International Multilateral Agencies approved by the Government of India 10. Army/Navy/Air Force / Para Military Units and other eligible institutions 11. Unincorporated body of persons as may be accepted by Nippon Life India Trustee Limited 12. Partnership Firms 13. Scientific and Industrial Research Organizations 14. Trustee, AMC or Sponsor or their associates may subscribe to Units under the Schemes. 15. Provident / pension / gratuity / superannuation and such other retirement and employee benefit and other similar funds as and when permitted to invest. 16. Such other individuals/institutions/body corporate etc., as may be decided by the AMC from time to time, so long as wherever applicable they are in conformity with SEBI Regulations. 17. Foreign Portfolio Investors (FPI) as defined in Regulation 2(1) (h) of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 18. Insurers, insurance companies / corporations registered with the Insurance Regulatory Development Authority 19. Apart from the above, all other categories of Investors permitted at present and in future are eligible to invest in the Scheme. Note : 1. Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad / Foreign Portfolio Investors (FPIs) have been granted a general permission by Reserve Bank of India Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid Regulations. 2. In case of application under a Power of Attorney or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund, the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be, or duly notarised 36copy thereof, alongwith a certified copy of the Memorandum and Articles of Association and/or bye-laws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. The officials should sign the application under their official designation. A list of specimen signatures of the authorised officials, duly certified / attested should also be attached to the Application Form. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorising such purchases and redemptions. 3. * Process for Investments made in the name of a Minor through a Guardian: • Payment for investment by means of Cheque or any other mode shall be accepted from the bank account of the minor / Minor with guardian or from a joint account of the minor with the guardian only. For all ETF Direct Redemptions, the payments will be processed to the Bank account as registered in Demat records only. • Investors to also note that as ETF units are compulsorily held in dematerialised form, the documentation & KYC formalities need to be completed in demat account held with Depository Participant (DP) by the investor upon minor attaining the status of major. The payments will be processed to the Bank account as registered in Demat records only. Pursuant to Clause 17.6.1 of SEBI Master Circular Dated June 27, 2024, payment for any investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a change of pay-out bank mandate before redemption is processed. • Investors are also requested to note that the process of transmission of units shall be in line with Clause 17.6 of SEBI Master Circular dated June 27, 2024 and guidelines issued by SEBI in this regard from time to time. For any transmission related requests, the investors are advised to approach their respective depository participant. 4. In line with SEBI Regulations and circulars issued by SEBI from time to time, the AMC may invest its own funds in the scheme(s). Further, the AMC shall not charge any fees on its investment in the Scheme (s), unless allowed to do so under SEBI Regulations in the future. 5. It is expressly understood that at the time of investment, the investor/unitholder has the express authority to invest in units of the Scheme and the onus of the investment being compliant with the relevant constitution is on the investor. 6. NAM India reserves the right to include / exclude new / existing categories of investors to invest in this Scheme from time to time, subject to the Regulations, if any. 7. Neither this Scheme Information Document (“SID”)/ Key Information Document (“KIM”)/ Statement of Additional Information (“SAI”) [“Scheme Related Documents”] nor the units of the scheme(s) have been registered under the relevant laws, as applicable in the territorial jurisdiction of United States of America nor in any provincial/ territorial jurisdiction in Canada. It is being clearly stated that the Scheme Related Documents and/or the units of the schemes of Nippon India Mutual Fund have been filed only with the regulator(s) having jurisdiction in the Republic of India. The distribution of these Scheme Related Documents in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of these Scheme Related Documents are required to inform themselves about, and to observe any such restrictions. No persons receiving a copy of these Scheme Related Documents or any KIM accompanying application form jurisdiction may treat such Scheme Related Documents as an invitation to them to subscribe for units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements. Accordingly these Scheme Related Documents do not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. It is the responsibility of such persons in possession of the Scheme Related Documents and any persons wishing to apply for units pursuant to these Scheme Related 37Documents to inform themselves of and to observe, all applicable laws and Regulations of such relevant jurisdiction. The NAM India shall accept such investments subject to the applicable laws and such other terms and conditions as may be notified by the NAM India. The investor shall be responsible for complying with all the applicable laws for such investments. The NAM India reserves the right to put the transaction requests on hold/reject the transaction request/reverse allotted units, as the case may be, as and when identified by the NAM India, which are not in compliance with the terms and conditions notified in this regard. Foreign Account Tax Compliance In accordance with the relevant provisions of the Foreign Account Tax Compliance Act (“FATCA”) as contained in the United States Hiring Incentives to Restore Employment (“HIRE”) Act, 2010, there is a likelihood of withholding tax being levied on certain income/ receipt sourced from the subjects of United States of America (“US”) with respect to the schemes, unless such schemes are FATCA compliant. In this regard, the respective governments of India and US have signed an Inter Governmental Agreement-1 (IGA) on July 9, 2015. In the terms of this proposed IGA, Nippon India Mutual Fund (“NIMF”) and/ or Nippon Life India Asset Management Limited (“NAM India”/ “AMC”) classified as a “Foreign Financial Institution” and in which case NIMF and/ or NAM India would be required, from time to time, to (a) undertake the necessary due-diligence process; (b) identify US reportable accounts; (c) collect certain required information/ documentary evidence (“information”) with respect to the residential status of the unit holders; and (d) directly or indirectly disclose/ report/ submit such or other relevant information to the appropriate Indian authorities. Such information may include (without limitation) the unit holder’s folio detail, identity of the unit holder, details of the beneficial owners and controlling persons etc. In this regard and in order to comply with the relevant provisions under FATCA, the unit holders would be required to fully cooperate & furnish the required information to the AMC, as and when deemed necessary by the latter in accordance with IGA and/ or relevant circulars or guidelines etc, which may be issued from time to time by SEBI/ AMFI or any other relevant & appropriate authorities. The applications which do not provide the necessary information are liable to be rejected. The applicants/ unit holders/ prospective investors are advised to seek independent advice from their own financial & tax consultants with respect to the possible implications of FATCA on their investments in the scheme(s). The underlying FATCA requirements are applicable from July 1, 2014 or such other date, as may be notified. In case required, NIMF/ NAM India reserves the right to change/ modify the provisions (mentioned above) at a later date. The Fund reserves the right to include / exclude new / existing categories of investors to invest in the Schemes, subject to SEBI Regulations and other prevailing statutory regulations, if any. Rejection of the application Subject to the SEBI Regulations and applicable Laws, any application for NFO Units may be accepted or rejected at the sole and absolute discretion of the Trustees / AMC, in accordance with the SEBI Regulations. For example and without limitations, the Trustees/AMC may reject any application for the Purchase of NFO Units if the application is received from an Investor to whom the NFO Units cannot be lawfully or validly offered or by whom the NFO Units cannot be lawfully or validly subscribed or if the Investor does not provide information / details required by the Mutual Fund / AMC/ Trustees in relation to KYC, beneficial ownership, FATCA or any other requirements mandated by the Mutual Fund / Trustees / AMC pursuant to any directives of AMFI or any other additional administrative processes required with respect to such Investors or if the application is invalid or incomplete, or if, in its opinion, increasing the size of the Scheme’s Unit Capital is not in the general interest of the Unit holders, or if the Trustees/ AMC for any other reason does not believe that it would be in the best interest of the Scheme or its Unit holders to accept such an application. Further information request by the AMC/Trustees The AMC / Trustees may request Investors / Unit holders to provide verification of their identity or other further details as may be required in the opinion of the AMC / Trustees 38under applicable Laws and/or pursuant to any directives of AMFI. This may result in a delay in dealing with the applicants, Unit holders, benefits, distribution, etc. and/or even rejection of the application / mandatory Redemption of Units. 1. Any individual who is a Foreign National, except for Non –Resident Indians and Who cannot invest Persons of Indian Origin and provided such Foreign National has procured all the relevant regulatory approvals applicable and has complied with all applicable laws, including but not limited to and pertaining to anti money laundering, know your customer (KYC), income tax, foreign exchange management (the Foreign Exchange Management Act, 1999 and the Rules and Regulations made thereunder), in the sole discretion and to the sole satisfaction of Nippon Life India Asset Management Ltd (the AMC), in accordance with the SEBI Regulations. Nippon Life India Asset Management Limited in its capacity as an asset manager to the Nippon India Mutual Fund reserves the right to amend/terminate this facility at any time, keeping in view business/operational exigencies. 2. Overseas Corporate Bodies (“OCBs”), i.e. firms and societies which held directly or indirectly to the extent of at least 60% by NRIs and trusts in which at least 60% of the beneficial interest is similarly held irrevocably by such persons without the prior approval of the RBI. 3. NRIs residing in Non-Compliant Countries and Territories (“NCCTs”) as determined by the Financial Action Task Force (“FATF”), from time to time. 4. Any other person determined by the AMC or the Trustee as not being eligible to invest in the Scheme. 5. The AMC reserves the right to include/exclude new/existing categories of investors to invest in the Scheme from time to time, subject to SEBI Regulations & other prevailing statutory regulations, How to Apply (details) Details regarding- 1. The applications filled up and duly signed by the applicants should be submitted at the office of the Collection Centres / DISCs / Official Points of Acceptance or may be downloaded from the website of AMC. The list of the Designated Investor Service Centres (DISCs)/Official Points of Acceptance (OPAs) of the Mutual Fund are available on the website of the AMC i.e. https://mf.nipponindiaim.com. 2. Please refer to the SAI for detailed procedure and Application form for the instructions. 3. List of official points of acceptance, collecting banker details - Please visit – https://mf.nipponindiaim.com/investor-services/customer-service/locate-a-branch As per the directives issued by SEBI, it is mandatory for an investor to declare his/her bank account number in the application form. This is to safeguard the interest of unitholders from loss or theft of their redemption cheques / DDs. Additionally, if the bank details provided by investors are different from the details available on instrument, AMC may seek additional details from investors to validate the bank details provided by investors. The policy regarding reissue of The units under the scheme once repurchased, shall not be reissued. repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. Right to Limit Redemption Restrictions, if any, on the right to freely retain or dispose of units being offered. The Trustee and AMC may, in the general interest of the Unit holders of the Scheme under this Scheme Information Document and keeping in view the unforeseen circumstances / unusual market conditions, limit the total number of Units which may be redeemed on any Working Day for redemption requests of more than Rs. 2 Lakhs per folio at a scheme level. in any Scheme. In line with the Clause no. 1.12 of SEBI Master circular dated June 27, 2024 the following conditions would be applicable. a. Restriction may be imposed when there are circumstances leading to a systemic crisis or event that severely constricts market liquidity or the efficient functioning of markets such as: i Liquidity issues - when market at large becomes illiquid and affecting almost all securities.. ii. Market failures, exchange closures - when markets are affected by unexpected events which impact the functioning of exchanges or the regular 39course of transactions. Such unexpected events could also be related to political, economic, military, monetary or other emergencies. iii. Operational issues – when exceptional circumstances are caused by force majeure, unpredictable operational problems and technical failures (e.g. a black out). b. Restriction on redemption may be imposed for a specified period of time not exceeding 10 working days in any 90 days period. c. When restriction on redemption is imposed, the following procedure shall be applied: i. No redemption requests upto INR 2 lakh shall be subject to such restriction. ii. Where redemption requests are above INR 2 lakh, AMCs shall redeem the first INR 2 lakh without such restriction and remaining part over and above INR 2 lakh shall be subject to such restriction. However, suspension or restriction of redemption under any scheme of the Mutual Fund shall be made applicable only after the approval from the Board of Directors of the Asset Management Company and the Trustee Company. The approval from the AMC Board and the Trustees giving details of circumstances and justification for the proposed action shall also be informed to SEBI immediately. NIMF also reserves the right at its sole discretion to withdraw sale of Units in the Scheme temporarily or indefinitely, if the AMC views that increasing the Scheme’s size further may prove detrimental to the existing unit holders of the Scheme, in accordance with the SEBI Regulations. An order/ request to purchase Units is not binding on and may be rejected by the Trustee, the AMC or their respective agents, unless it has been confirmed in writing by the AMC or its agents and (or) payment has been received The Cut-off time for receipt of valid application for Subscriptions and Redemptions is Cut off timing for subscriptions/ 3.00 p.m. However, the requirement of “cut-off” timing for NAV applicability as prescribed redemptions/ switches This is the time before which your application (complete by SEBI from time to time shall not be applicable for direct transaction with Asset in all respects) should reach the official Management Company (AMCs) in ETFs by MMs and other eligible investors. For points of acceptance. Authorised Participants/Market Makers / Large Investors, as the Scheme is an Exchange Traded Fund, the Subscriptions and Redemptions of Units would be based on the Portfolio Deposit and Cash Component as defined by the Fund for that respective Business Day. The Fund may also allow Cash# subscription /redemption of Nippon India Nifty India Manufacturing ETF in creation unit size by large investors. Investors / Unit holders to note that the above mentioned Cut-off time is not applicable to transactions undertaken on a recognised stock exchange and is only applicable to transactions undertaken at Designated Investor Service Centers (DISC). #RTGS, NEFT or transfer cheque. Cut-off timings are in accordance with SEBI guidelines issued time to time for applicability of NAV. Kindly refer the notices issued from time to time for the applicable cut -off timings available on the website of Nippon India Mutual Fund. Directly with Fund Minimum amount for purchase/redemption/switches mention Ongoing price for subscription (purchase) by investors : the provisions for ETFs, as may be applicable, for direct subscription/ The facility of creating units in Creation Unit size is available to the Authorised redemption with AMC. Participants/ Market Makers (whose names will be available on our website https://mf.nipponindiaim.com / https://etf.nipponindiaim.com) and Large Investors. However, in case of large investors, the execution value shall be greater than Rs. 25 crores. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. Ongoing Price for Redemption by Investors: The facility of redeeming units in Creation Unit size is available to the Authorised Participants/ Market Makers (whose names will be available on our website https://mf.nipponindiaim.com / https://etf.nipponindiaim.com) and Large Investors. However, in case of large investors, the execution value shall be greater than Rs. 25 crores. 40Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. Investors can directly approach the AMC for redemption of units of ETFs, for transaction of up to Rs. 25 crores without any exit load, in case of the following scenarios: i Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or ii No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or iii Total bid size on the exchange is less than half of creation unit size daily, averaged over a period of 7 consecutive trading days. In case of the above scenarios, applications received from investors for redemption up to 3.00 p.m. on any trading day, shall be processed by the AMC at the closing NAV of the day of receipt of application within the above cut-off time, such instances shall be tracked by Nippon India AMC on an ongoing basis and in case if any of the above mentioned scenario arises the same shall be disclosed on the website of Nippon India Mutual Fund i.e. https://mf.nipponindiaim.com / https://etf.nipponindiaim.com. On the Exchange: The Units of the Scheme can be Purchased/ Sold in minimum lot of 1 Unit and in multiples thereof. Minimum Switch Amount Will be as per the aforesaid minimum application amount criteria in the respective Switch-in ETF Scheme where the switch facility is available. A. Switch-in facility into applicable ETF schemes from eligible open-ended (Non- ETF) Liquid and Debt/Income Schemes For availing this facility, Investors are requested to note the following operational modalities: a) Based on number of baskets the Investor wants to switch in to the ETF scheme, switch-out amount from Liquid or Debt/Income Fund should be calculated to nearest Basket lot size so that the minimum Switch -in amount as on switch-in date is greater than Rs. 25 crores as per the Intra-day NAV b) Switch-In to the ETF Scheme will be in terms of number of basket/ Creation Lot specified in the application form subject to minimum Switch-in amount of greater than Rs. 25 crores c) Switch transaction will be processed at the applicable NAV of the switch- out scheme and only if the value is available in the switch-out scheme. d) The applicability of the NAV in the ETF (transferee) Scheme will be the Intra day NAV of the business day on which the Funds are realized in Scheme’s account before the cut-off time. e) In case the value of Intra-Day NAV X no. of applicable Creation Lot is greater than the Switch Funding amount, the Switch-In transaction will be rejected and the entire amount will be paid to the investor. f) Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF units) should be same. B. Switch-out facility from applicable ETF schemes to eligible open-ended (Non- ETF) Equity, Liquid and Debt/Income Schemes. For availing this facility, investors are requested to note the following operational modalities: a) Switch-out from the Scheme will be allowed only in terms of Basket size (unit) and subject to minimum Switch -out amount of greater than Rs. 25 crores b) Switch transaction will be processed subject to availability of all details as per regulatory guidelines. c) Switch out transaction will be processed at the Intra day NAV of the switch- out ETF scheme d) The applicability of the NAV in the transferee Scheme will be the NAV of the business day on which the Funds are realized in Scheme’s account before cut-off time. e) In case of any rejection in Switch-in to the transferee Scheme, the amount will be paid to the investor as redemption proceeds. 41f) Investors to note that the pattern and sequence of holding both in the open-ended (Non-ETF) Folio and in demat account (used for ETF unit holding) should be same. g) Investors should have the clear balance of ETF units in their demat account for execution of the Switch-out transaction from the selected ETF Scheme. Rs. 25 crores Limit shall not be applicable to EPFO, recognized Provident Fund and approved Gratuity & Superannuation Fund till August 31, 2025. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. Units issued by the AMC under the scheme shall be credited to the investor’s beneficiary Accounts Statements account with a Depository Participant (DP) of CDSL or NSDL. The AMC will credit the units to the beneficiary account of the unitholder within Two business days from the date of receipt of credit of the Cash. With a view to create one record for all financial assets of every individual, SEBI vide its Clause 14.4 of SEBI Master Circular dated June 27, 2024 enabled a single consolidated view of all the investments of an investor in Mutual Funds (MF) and securities held in demat form with the Depositories. In accordance with the above, the following shall be applicable for unitholders having a Demat Account. • Investors having MF investments and holding securities in Demat account shall receive a Single Consolidated Account Statement from the Depository. • Consolidation of account statement shall be done on the basis of PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis. • As a green initiative measure, SEBI vide its circular no.SEBI/HO/MRD- PoD2/CIR/P/2024/93 dated July 1, 2024 has specified that the CAS shall be despatched by email to all the investors whose email addresses are registered with the Depositories and AMCs/MF-RTAs. However, where an investor does not wish to receive CAS through email, option shall be given to the investor to receive the CAS in physical form at the address registered with the Depositories and the AMCs/MF-RTAs. The depositories shall also intimate the investor on quarterly basis through the SMS mode specifying the email id on which the CAS is being sent. If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the Consolidated Account Statement (CAS) within twelve (12) days from the month end and to investors that have opted for delivery via physical mode, within fifteen (15) days from the month end w.e.f May 14, 2025 pursuant to SEBI Circular No. SEBI/HO/MRD/PoD1/CIR/P/2025/16 dated February 14, 2025. In case, there is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis. The depositories shall dispatch the CAS to investors that have opted for e-CAS on or before the eighteenth (18th) day of April and October and to investors that have opted for delivery via physical mode by the twenty first (21st) day of April and October. The Consolidated Account statement will be in accordance to Clause 14.4.3 of SEBI Master Circular dated June 27, 2024. Dividend/ IDCW The IDCW payments shall be initiated / dispatched to the unitholders within 7 working days from the record date, in compliance with Clause 11.4 of SEBI Master Circular dated June 27, 2024. In the event of failure of IDCW payments within 7 working days, the AMC shall pay an interest @ 15 per cent per annum of the relevant IDCW amount to the applicable Unit holders. Interest for the delayed payment of IDCW shall be calculated from the record date. For Redemption request received directly with the Fund Redemption The Redemption or repurchase proceeds shall be initiate payment to the Unit holders within 3 Working Days from the date of Redemption or repurchase. Payment of proceeds The Fund will transfer the Redemption proceeds within 3 Working Days from the date of acceptance of the Redemption request. In case of exceptional situations listed in AMFI Circular No.AMFI/35P/MEM-COR/74/2022-23 dated January 16, 2023, redemption payment would be made within the permitted additional timelines. 421. Resident Investors In case the Unit holder requests, Redemption proceeds will be paid by cheques, such cheques will be marked “A/c Payee only” and drawn in the name of the sole holder / first- named holder (as determined by the records of the Registrar / Depository). The Redemption cheque will be issued in favour of the sole / first Unit holder’s registered name and bank account number, and will be mailed to the registered address of the sole / first holder as indicated in the original Application Form. The Redemption cheque will be payable at par. If the Unit holder is located outside the locations from where the cheque is payable at par, a demand draft payable at the city of his residence will be issued. The dispatch for the purpose of delivery through the courier / postal department, as the case may be, shall be treated as delivery to the Investor. The AMC / Registrar are not responsible for any delayed delivery or non-delivery or any consequences thereof, if the dispatch has been made correctly as stated in this paragraph. The Redemption proceeds may be paid by way of direct credit / NEFT / RTGS / ECS or any other manner to which the Investor’s bank account specified in the Registrar’s / Depository’s records. Note: The Trustees, at its discretion at a later date, may choose to alter or add other modes of payment, in accordance with the SEBI Regulations. 2. Non-Resident Indian Investors / Foreign Institutional Investors / FPIs Units held by NRI Investors and FPIs may be Redeemed by such Unit holder by tendering Units to the AMC or for payment of maturity proceeds, subject to any procedures laid down by RBI from time to time. Provisions with respect to NRIs / FPIs stated above, is as per the AMC/Trustee’s understanding of the Laws currently prevalent in India and such Redemption proceeds will be remitted depending upon the source of investment as follows: (a) Repatriation Basis When Units have been Purchased through remittance in foreign exchange from abroad or by cheque / draft issued from proceeds of the Unit holder’s FCNR deposit or from funds held in the Unit holder’s Non Resident (External) Rupee account kept in India, the proceeds will be remitted to the Unit holder in Rupees for crediting to his NRE / FCNR / Non-Resident (Ordinary) account and the authorized dealer of the Unit holder will convert the payments in foreign currency. (b) Non-Repatriation Basis When Units have been Purchased from funds held in the Unit holder’s non-resident (ordinary) account, the proceeds will be sent to the Unit holder’s Indian address for crediting to the Unit holder’s non-resident (ordinary) account. For FPIs, the designated branch of the authorised dealer may allow remittance of net sale / maturity proceeds (after payment of taxes) or credit the amount to the foreign currency account or non-resident Rupee account of the FII/FPI maintained in accordance with the approval granted to it by the RBI. For item (a) and (b) above, the AMC / Trustees / Fund will not be liable for any delays or for any loss on account of any exchange fluctuations, while the authorized dealer converts the Rupee amount in foreign exchange in the case of transactions with NRIs / FPIs. The Fund may make other arrangements for effecting payment of Redemption proceeds in the future. Effects of Redemption Units once Redeemed will be extinguished and will not be re-issued. As the Units of the Scheme are in demat form, the periodic holding statement issued by the Depository Participant (indicating the new balance to the credit in the account) would be deemed to be adequate compliance with requirements of SEBI regarding dispatch of statements of account. General Provisions As Units may not be held by any person in breach of the SEBI Regulations, applicable Laws or requirements of any governmental, statutory authority including, without limitation, exchange control regulations, the Trustees / AMC may mandatorily Redeem all the Units of any Unit holder where the Units are held by a Unit holder in breach of the same. The Trustees / AMC may also mandatorily Redeem Units held by Unit holders 43which the Trustees/ AMC, in their sole opinion, suspect to be engaged in market-timing or excessive trading or unfair or suspicious practices, or if the Trustees /AMC for any other reason believe that mandatory Redemption of such Unit holders would generally be in the interest of the Scheme or its Unit holders. In case an Investor has Purchased Units on more than 1 Working Day (either under during the NFO Period or during the Ongoing Offer Period), the Units Purchased prior in time (i.e. those Units which have been held for the longest period of time), will be Redeemed first i.e. on a first-in - first-out basis. For further details on Redemption also refer to Statement of Additional Information. The Trustees/ AMC may mandatorily Redeem Units of any Unit holder in the event it is found that the Unit holder has submitted information either in the application or otherwise that is false, misleading or incomplete without limitation to verifying their identity If a Unit holder makes a Redemption request immediately after Purchase of Units, the Fund shall have a right to withhold the Redemption request in accordance with the conditions provided in the Statement of Additional Information. However, this is only applicable if sufficient balance is not available in the Unit holders account to effect such a Redemption and the value of Redemption is such that some or all of the freshly Purchased Units may have to be Redeemed to effect such Redemption. Bank Mandate As per the directives issued by SEBI, it is mandatory for an investor to declare his/her bank account number in the application form. This is to safeguard the interest of unitholders from loss or theft of their redemption cheques / DDs. Additionally, if the bank details provided by investors are different from the details available on instrument, AMC may seek additional details from investors to validate the bank details provided by investors. The AMC shall be liable to pay interest to the Unit holders at such rate as may be Delay in payment of redemption / specified by SEBI for the period of such delay (presently @ 15% per annum). repurchase proceeds/dividend Unclaimed Redemption and Income In terms of Clause 14.3 of SEBI Master Circular dated June 27, 2024, the unclaimed Distribution cum Capital Withdrawal redemption amount and IDCW amounts (the funds) may be deployed by the Mutual Fund Amount in money market instruments and separate plan of Overnight scheme / liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts only, provided that such schemes where the unclaimed redemption and IDCW amounts are deployed shall be only those Overnight Scheme/ Liquid Scheme / Money Market Mutual Fund Schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix as per Clause 17.5 of SEBI Master Circular dated June 27, 2024. Investors who claim the unclaimed amounts during a period of three years from the due date shall be paid initial unclaimed amount along-with the income earned on its deployment. Investors, who claim these amounts after 3 years, shall be paid initial unclaimed amount along-with the income earned on its deployment till the end of the third year. After the third year, the income earned on such unclaimed amounts shall be used for the purpose of investor education. The AMC will make a continuous effort to remind the investors through letters to take their unclaimed amounts. The details of such unclaimed redemption/IDCW amounts are made available to investors upon them providing proper credentials, on website of Mutual Funds and AMFI along with the information on the process of claiming the unclaimed amount and the necessary forms / documents required for the same. Further, the information on unclaimed amount along-with its prevailing value (based on income earned on deployment of such unclaimed amount), will be separately disclosed to investors through the periodic statement of accounts / Consolidated Account Statement sent to the investors. Further, the investment management fee charged by the AMC for managing the said unclaimed amounts shall not exceed 50 basis points. Process for Investments made in the name of a Minor through a Guardian: Disclosure w.r.t investment by minors • Payment for investment by means of Cheque or any other mode shall be accepted from the bank account of the minor / Minor with guardian or from a joint account of the minor with the guardian only. For all ETF Direct Redemptions, the payments will be processed to the Bank account as registered in Demat records only. • Investors to also note that as ETF units are compulsorily held in dematerialised form, the documentation & KYC formalities need to be completed in demat account held with Depository Participant (DP) by the investor upon minor attaining the status of major. The payments will be processed to the Bank account as registered in Demat records only. Pursuant to Clause 17.6.1 of SEBI Master Circular Dated June 27, 2024, payment for any investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor 44with parent or legal guardian. For existing folios, the AMCs shall insist upon a change of pay-out bank mandate before redemption is processed. As per SEBI circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, Timelines for deployment of funds for funds collected in new fund offer shall be deployed as per following manner: New Fund Offer (i) The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units. (ii) In an exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee of the AMC. (iii) The Investment Committee may extend the timeline by 30 business days, while also making recommendations on how to ensure deployment within 30 business days going forward and monitoring the same. The Investment Committee shall examine the root cause for delay in deployment before granting approval for part or full extension. The Investment Committee shall not ordinarily give part or full extension where the assets for any scheme are liquid and readily available. Ongoing Offer Period Within 5 working days from the date of allotment, an investor can buy/sell units of Nippon India Nifty India Manufacturing ETF on a continuous basis on the NSE and/or BSE This is the date from which the scheme will reopen for subscriptions/redemptions after Limited and other recognised stock exchanges where units are listed and traded like any the closure of the NFO period. other publicly traded securities at market prices which may be close to the actual NAV of the Scheme. The trading lot is one Nippon India Nifty India Manufacturing ETF unit. Investors can purchase units at market prices, which may be at a premium/discount to the NAV of the scheme depending upon the demand and supply of units at the exchanges. Alternatively, Authorized Participants/ Market Makers and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges, if applicable, by transferring stocks or cash, value of which is equal to creation unit size. Each creation unit consists of 1,00,000 units and cash component, if any, of Nippon India Nifty India Manufacturing ETF. Mutual fund will also repurchase units from Authorized Participants/ Market Makers and Large Investors on any business day provided the number of Nippon India Nifty India Manufacturing ETF that investors can create / redeem in exchange of the Portfolio Deposit and Cash Component is 1,00,000 units and in multiples thereafter. Additionally, in case of large investors, the execution value for direct Subscription / Redemption with the Fund shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961, till August 31, 2025 or as specified in the Regulations time to time). A. Directly with the Fund Ongoing price for subscription (purchase) by investors. Units of the Scheme in less than Creation Unit cannot be Purchased directly with the This is the price you need to pay for Fund. purchase The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments. The number of Units of the Scheme that Investors can create in exchange of the Portfolio Deposit and Cash Component are 1,00,000 units and in multiples thereof. ‘Creation Unit’ is fixed number of Units of each Scheme, which is exchanged for a basket of shares underlying the index called the Portfolio Deposit and a Cash Component. The facility of creating Units in Creation Unit size is available to the Authorised Participants (whose names will be available on our website mf.nipponindiaim.com / Etf.nipponindiaim.com) and Large Investors. Additionally, in case of large investors, the execution value for direct Subscription / Redemption with the Fund shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961, till August 31, 2025 or as specified in the Regulations time to time). The Portfolio Deposit and Cash Component are defined as follows: - a. Portfolio Deposit: This is a pre-defined basket of Securities that represent the underlying index and will be defined and announced by the Fund on daily basis and can change from time to time 45b. Cash Component for Creating in Creation Unit Size: The Cash Component represents the difference between the NAV of a Creation Unit and the market value of the Portfolio deposit as at the end of the previous day. This difference will represent accrued Dividends, accrued annual charges including management fees and residual cash in the Scheme. In addition the Cash Component will include transaction cost as charged by the Custodian/ Depository Participant, equalization of Dividend and other incidental expenses for Creating Units. In addition the Cash Component for creation will also include Entry Load, as may be levied by the Fund from time to time and statutory levies, if any. The Cash Component for creation will vary from time to time and will be decided and announced by the AMC on its website and other data providers and media at large. Procedure for Subscription in Creation Unit size The requisite Securities constituting the Portfolio Deposit of the Scheme has to be transferred to the Fund’s Depository Participant account while the Cash Component has to be paid to the Custodian/AMC. On confirmation of the same by the Custodian/AMC, the AMC will transfer the respective number of Units of the relevant Scheme into the Investor’s Depository Participant account. The AMC may create Creation Unit prior to receipt of all or a portion of the relevant Portfolio Deposit and Cash Component in certain circumstances where the Purchaser, among other things, posts collateral to secure its obligation to deliver such outstanding Portfolio Deposit and Cash Component. The Portfolio Deposit and Cash Component will be exchanged for the Units of the relevant Scheme in Creation Unit size The Fund may allow cash Purchases of Units of the Scheme in Creation Unit size by Large Investors/Authorised Participants. Purchase request for Creation Unit shall be made by such Investor to the Fund/AMC where upon the Fund/AMC will arrange to buy the underlying portfolio Securities. Creation of Units in such Scheme will be done only after full sighting of cash / portfolio deposit in such Scheme accounts. Disclosure of Portfolio Deposit and Cash Component The AMC shall disclose on a daily basis the portfolio and Cash Component for creating and Redeeming Units in Creation Unit size for the Scheme. Additionally, in case of large investors, the execution value for direct Subscription / Redemption with the Fund shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961, till August 31, 2025 or as specified in the Regulations time to time). The same will be disclosed on our website i.e. https://mf.nipponindiaim.com / https://etf.nipponindiaim.com, daily in the morning and would be applicable for creating and Redeeming Units in Creation Unit size for that Working Day only. B. On the Exchange As the Units of the Scheme are listed on NSE / BSE, an Investor can buy Units on continuous basis on the capital market segment of NSE / BSE during trading hours like any other publicly traded stock at prices which may be close to the actual NAV of the Scheme. There is no minimum investment, although Units are Purchased in round lots of 1 Unit. A. Directly with the Fund Ongoing price for redemption (sale) by investors. The Fund may from time to time change the size of the Creation Unit in order to equate This is the price you will receive for it with marketable lots of the underlying instruments. redemptions. The number of Units of the Scheme that Investors can Redeem in exchange of the Example: If the applicable NAV is Rs. 10, Portfolio Deposit and Cash Component are 1,00,000 units and in multiples thereof. exit load is 2% then redemption price will be: ‘Creation Unit’ is fixed number of Units of each Scheme, which is exchanged for a basket of shares underlying the index called the Portfolio Deposit and a Cash Component. The Rs. 10* (1-0.02) = Rs. 9.80 facility of Redeeming Units in Creation Unit size is available to the Authorised Participants (whose names will be available on our website mf.nipponindiaim.com / Etf.nipponindiaim.com) and Large Investors. However, in case of large investors, the execution value shall be greater than Rs. 25 crores (except for Schemes managed by Employee Provident Fund Organisation (EPFO), India and Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961). 46The Portfolio Deposit and Cash Component are defined as follows: - a. Portfolio Deposit: This is a pre-defined basket of Securities that represent the underlying index and will be defined and announced by the Fund on daily basis and can change from time to time b. Cash Component for Redemption in Creation Unit Size: The Cash Component represents the difference between the NAV of a Creation Unit and the market value of the Portfolio Deposit as at the end of the previous day. This difference will represent accrued Dividend, accrued annual charges including management fees and residual cash in the Scheme. Any transaction cost charged by the Custodian/ Depository Participant, equalization of Dividend and other incidental expenses for Redeeming Units will also form part of Cash Component. In addition the Cash Component for Redemption will also include Exit Load, as may be levied by the Fund from time to time and statutory levies, if any. The Cash Component for Redemption will vary from time to time and will be decided and announced by the AMC on its website and other data providers and media at large. Buying/Selling of Units of the Scheme on the NSE / BSE is just like buying/selling any Redemption / Settlement of other normal listed security. If an Investor has bought Units, then such Investor has to purchase/sale of Nippon India Nifty India Manufacturing ETF units on the stock pay the Purchase amount to the broker/sub-broker such that the amount paid is realised exchange before the funds pay-in day of the settlement cycle on the NSE/BSE. If an Investor has sold Units, then such Investor has to deliver the Units to the broker/sub-broker before the Securities pay-in day of the settlement cycle on the NSE/BSE. The current settlement cycle of the Exchange is rolling settlement on T+1 basis The pay-in and pay-out of funds and the Securities/Units takes place within 1 Working Days after the trading date. The trading of units and settlement on the exchange are as per the guidelines of the stock exchange, time to time. Approximately equal to 1/100th (to be finalised before launch of scheme) of the value of Pricing (per unit) Nifty India Manufacturing Index. Rounding off of Units Based on the Allotment Price, the Scheme will allot only whole Units and balance amount on account of fractional Units not allotted will be refunded. Example of Creation and Redemption of Units Each Creation Unit consists of 1,00,000 units of Nippon India Nifty India Manufacturing ETF. The Creation Unit is made up of 2 components i.e. Portfolio Deposit and Cash Component. The Portfolio Deposit will be determined by the Fund as per the weights of each security in the Underlying Index. The value of this Portfolio Deposit will change due to change in prices during the day. The number of shares of each security that constitute the Portfolio Deposit will remain constant unless there is any corporate action in the Underlying Index or there is a rebalance in the Underlying Index. The example of Creation Unit for Nippon India Nifty India Manufacturing ETF is as follows: Index Quantity Portfolio Deposit Security in the Underlying Basket Weightage Price (Rs.) (Nos) Value (Rs.) (%) RELIANCE INDUSTRIES LTD. 5.04% 1500.6 489 733,793 SUN PHARMACEUTICAL INDUSTRIES LTD. 4.88% 1675.7 424 710,497 MAHINDRA & MAHINDRA LTD. 4.88% 3183.2 223 709,854 MARUTI SUZUKI INDIA LTD. 4.40% 12400 52 644,800 BHARAT ELECTRONICS LTD. 3.94% 421.5 1,360 573,240 TATA MOTORS LTD. 3.88% 688 820 564,160 TATA STEEL LTD. 3.57% 159.76 3,249 519,060 HINDALCO INDUSTRIES LTD. 2.71% 692.85 569 394,232 JSW STEEL LTD. 2.62% 1020.5 373 380,647 47BAJAJ AUTO LTD. 2.51% 8376 44 368,544 HINDUSTAN AERONAUTICS LTD. 2.41% 4869.8 72 350,626 DIVI'S LABORATORIES LTD. 2.34% 6809.5 50 340,475 CIPLA LTD. 2.29% 1505.9 221 332,804 VEDANTA LTD. 2.11% 460.85 667 307,387 DR. REDDY'S LABORATORIES LTD. 2.11% 1283.3 239 306,709 SUZLON ENERGY LTD. 2.11% 67.72 4,523 306,298 EICHER MOTORS LTD. 2.10% 5656.5 54 305,451 TVS MOTOR COMPANY LTD. 1.85% 2918 92 268,456 BHARAT PETROLEUM CORPORATION LTD. 1.74% 331.95 762 252,946 DIXON TECHNOLOGIES (INDIA) LTD. 1.58% 14983 15 224,745 HERO MOTOCORP LTD. 1.49% 4237.1 51 216,092 INDIAN OIL CORPORATION LTD. 1.48% 146.96 1,468 215,737 PIDILITE INDUSTRIES LTD. 1.27% 3054.4 61 186,318 SRF LTD. 1.27% 3242.1 57 184,800 LUPIN LTD. 1.27% 1938 95 184,110 SAMVARDHANA MOTHERSON INTERNATIONAL LTD. 1.23% 154.83 1,159 179,448 CUMMINS INDIA LTD. 1.20% 3399.4 51 173,369 SOLAR INDUSTRIES INDIA LTD. 1.16% 17598 10 175,980 CG POWER AND INDUSTRIAL SOLUTIONS LTD. 1.14% 682.15 243 165,762 HAVELLS INDIA LTD. 1.06% 1551.1 99 153,559 TORRENT PHARMACEUTICALS LTD. 0.96% 3408.2 41 139,736 BHARAT FORGE LTD. 0.94% 1308.1 105 137,351 JINDAL STEEL & POWER LTD. 0.94% 941.7 145 136,547 ASHOK LEYLAND LTD. 0.94% 250.91 543 136,244 UPL LTD. 0.90% 661.25 199 131,589 PI INDUSTRIES LTD. 0.90% 4104.7 32 131,350 TUBE INVESTMENTS OF INDIA LTD. 0.90% 3109 42 130,578 BHARAT HEAVY ELECTRICALS LTD. 0.89% 266.3 488 129,954 POLYCAB INDIA LTD. 0.86% 6551 19 124,469 AUROBINDO PHARMA LTD. 0.86% 1134.8 110 124,828 HYUNDAI MOTOR INDIA LTD. 0.85% 2219.7 56 124,303 PAGE INDUSTRIES LTD. 0.84% 49410 2 98,820 ABB INDIA LTD. 0.83% 6080.5 20 121,610 48APL APOLLO TUBES LTD. 0.82% 1739.1 69 119,998 VOLTAS LTD. 0.81% 1314.1 89 116,955 COROMANDEL INTERNATIONAL LTD. 0.80% 2505.2 46 115,239 MRF LTD. 0.78% 142360 1 142,360 BOSCH LTD. 0.77% 32680 3 98,040 SIEMENS LTD. 0.75% 3251.5 34 110,551 SUPREME INDUSTRIES LTD. 0.74% 4391.4 25 109,785 ALKEM LABORATORIES LTD. 0.72% 4939 21 103,719 ZYDUS LIFESCIENCES LTD. 0.67% 989.95 98 97,015 MAZAGOAN DOCK SHIPBUILDERS LTD. 0.64% 3244.3 29 94,085 CROMPTON GREAVES CONSUMER ELECTRICALS LTD. 0.62% 355.15 253 89,853 KEI INDUSTRIES LTD. 0.61% 3792.6 23 87,230 SONA BLW PRECISION FORGINGS LTD. 0.58% 481.35 176 84,718 BLUE STAR LTD. 0.57% 1635.6 51 83,416 BALKRISHNA INDUSTRIES LTD. 0.53% 2445.3 31 75,804 ASTRAL LTD. 0.48% 1506.8 47 70,820 EXIDE INDUSTRIES LTD. 0.48% 387.75 179 69,407 COCHIN SHIPYARD LTD. 0.46% 2065.8 32 66,106 HINDUSTAN ZINC LTD. 0.45% 450.85 144 64,922 KAYNES TECHNOLOGY INDIA LTD. 0.43% 6095 10 60,950 GUJARAT FLUOROCHEMICALS LTD. 0.40% 3630.8 16 58,093 TATA CHEMICALS LTD. 0.40% 936.65 61 57,136 LINDE INDIA LTD. 0.38% 6655.5 8 53,244 DEEPAK NITRITE LTD. 0.37% 1987.1 27 53,652 ADITYA BIRLA REAL ESTATE LTD. 0.34% 2435.8 21 51,152 AIA ENGINEERING LTD. 0.34% 3309.8 15 49,647 HIMADRI SPECIALITY CHEMICAL LTD. 0.33% 517.8 92 47,638 K.P.R. MILL LTD. 0.31% 1141 39 44,499 CASTROL INDIA LTD. 0.29% 221.73 190 42,129 ESCORTS KUBOTA LTD. 0.29% 3334.6 13 43,350 HINDUSTAN COPPER LTD. 0.25% 279.3 129 36,030 HONEYWELL AUTOMATION INDIA LTD. 0.23% 39355 1 39,355 TEJAS NETWORKS LTD. 0.15% 714.6 32 22,867 100.00% 21,399 14,557,039 49Value of Portfolio Deposit (Rs.) (8,239) Value of Cash Component (Rs.) 14,548,800 Total Value of Creation Unit (Rs.) (8,239) Cash Component arrived in the following manner: Number of units comprising one creation unit 100,000 NAV per Unit (Assumption - Underlying index value is 14548.80) 145.49 Value of 1 Creation Unit 14,548,800 Value of Portfolio Deposit (pre defined basket of securities of the Underlying Basket ) 14,557,039 Cash Component (8,239) The above is just an example to illustrate the calculation of cash component. Cash Component will vary depending upon the actual charges incurred like Custodial Charges and other incidental charges for creating units. 50III. OTHER DETAILS A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective, Investment Strategy, TER, AUM, Year wise performance, Top 10 Holding/ link to Top 10 holding of the underlying fund should be provided- Not Applicable B. Periodic Disclosures such as Half yearly disclosures, half yearly results, annual report Half yearly Disclosures: Half Yearly disclosure of Un-Audited Financials for the Schemes of NIMF: Portfolio / Financial Results Before expiry of one month from the close of each half year i.e. on March 31 or September 30, the This is a list of Securities where Fund shall host a soft copy of half – yearly unaudited financial results on the website of the NIMF i.e. the corpus of the Scheme is https://mf.nipponindiaim.com and that of AMFI www.amfiindia. com. A notice advertisement currently invested. The market communicating the investors that the financial results shall be hosted on the website shall be value of these investments is published in one national English daily newspaper and in a newspaper in the language of the region also stated in portfolio where the Head Office of the fund is situated. disclosures. Please refer to the below link for Half Yearly disclosure of Un-Audited Financials: https://mf.nipponindiaim.com/investor-service/downloads/annual-half-yearly-reports https://mf.nipponindiaim.com/investor-service/quick-links/notice-addendum Half Yearly disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format as on the last day of the Half Scheme’s Portfolio: year for all the Schemes of NIMF on or before the tenth day of the succeeding month or within such timelines and manner as prescribed by SEBI from time to time on the NIMF Website i.e. https://mf.nipponindiaim.com / https://Etf.nipponindiaim.com and AMFI site www.amfiindia.com In case of unitholders whose e-mail addresses are registered, the Mutual Funds/ AMCs shall send via email the half-yearly statement of scheme portfolio within 10 days from the close of each half- year respectively. AMC will provide a physical copy of the statement of its scheme portfolio, without charging any cost, on specific request received from a unitholder. The portfolio statement will also be placed on the website of the Mutual Fund https://mf.nipponindiaim.com / https://Etf.nipponindiaim.com and a link will be provided on www.amfiindia.com. Please refer to the below link for Half Yearly disclosure of Un-Audited Financials: https://mf.nipponindiaim.com/investor-service/downloads/annual-half-yearly-reports https://mf.nipponindiaim.com/investor-service/quick-links/notice-addendum The fund shall disclose the scheme’s monthly portfolio in the prescribed format as on the last day of Monthly Disclosures: the month for all the Schemes of NIMF on or before the tenth day of the succeeding month or within Portfolio such timelines and manner as prescribed by SEBI from time to time on the NIMF Website i.e. https://mf.nipponindiaim.com and AMFI site www.amfiindia.com This is a list of Securities where the corpus of the Scheme is In case of unitholders whose e-mail addresses are registered, the Mutual Funds/ AMCs shall send currently invested. The market via email both the monthly statement of scheme portfolio within 10 days from the close of each month value of these investments is respectively also stated in the portfolio AMC will provide a physical copy of the statement of its scheme portfolio, without charging any cost, disclosures. on specific request received from a unitholder. Refer below link for latest monthly portfolio of the Scheme: https://www.amfiindia.com/investor-corner/online-center/portfoliodisclosure https://mf.nipponindiaim.com/investor-service/downloads/factsheet-and-other-portfolio-disclosures Annual Report The scheme wise annual report shall be hosted on the website of the AMC and on the website of the AMFI soon as may be possible but not later than four months from the date of closure of the relevant accounting year. The AMC shall publish an advertisement every year in all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the scheme wise annual report on the website of the AMC. The AMC shall email the annual report or an abridged summary thereof to the unitholders whose email addresses are registered with the Fund. The unitholders whose e-mail addresses are not registered with the Fund are requested to update / provide their email address to the Fund for updating the database. Physical copy of scheme wise annual report or abridged summary shall be provided to investors who have opted to receive the same. AMC shall provide a physical copy of the abridged summary of the annual report, without charging any cost, on specific request received from a unitholder. 51As per regulation 56(3A) of the Regulations, copy of scheme wise Annual Report shall be also made available to unitholder on payment of nominal fees. Please refer to the below link for scheme annual report or abridged summary https://mf.nipponindiaim.com/investor-service/downloads/annual-half-yearly-reports https://www.amfiindia.com/investor-corner/online-center/schemewisereport https://mf.nipponindiaim.com/investor-service/quick-links/notice-addendum Monthly & Annual Disclosure In accordance with Clause 17.4 of SEBI Master circular dated June 27, 2024. The Risk-o-meter shall of Riskometer have following six levels of risk: i. Low Risk ii. Low to Moderate Risk iii. Moderate Risk iv. Moderately High Risk v. High Risk and vi. Very High Risk The evaluation of risk levels of a scheme shall be done in accordance with the aforesaid circular. The fund shall communicate any change in risk-o-meter by way of Notice cum Addendum and by way of an e-mail or SMS to unitholder. Further Risk-o-meter of scheme shall be evaluated on a monthly basis and Risk-o-meter along with portfolio shall be disclosed on NIMF website and on AMFI website within 10 days from the close of each month. Additionally, NIMF shall disclose the risk level of all schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on its website and AMFI website Disclosure of Benchmark Pursuant to Clause 5.16 of SEBI Master Circular dated June 27, 2024, the AMC shall disclose risk- Riskometer o-meter of the scheme and benchmark in all disclosures including promotional material or that stipulated by SEBI wherever the performance of the scheme vis-à-vis that of the benchmark is disclosed to the investors in which the unit holders are invested as on the date of such disclosure Disclosure norms for ETFs / On a monthly basis, the fund shall disclose name and exposure to top 7 stocks, top 7 groups & top Index Funds 4 sectors as a percentage of NAV of the scheme. Further, any change in constituents of the benchmark index, shall be disclosed on the AMC website https://mf.nipponindiaim.com / https://etf.nipponindiaim.com. Scheme Summary Document The AMC has provided on its website a standalone scheme document for all the Schemes which contains all the details of the Scheme viz. Scheme features, Fund Manager details, investment details, investment objective, expense ratios, portfolio details, etc. Disclosures with respect to Tracking Error (TE): The AMC shall disclose tracking error based on past one year rolling data, on Tracking Error and Tracking a daily basis, on the website of AMC and AMFI. Difference Tracking Difference (TD): On completion of 1 year, the tracking difference scheme shall be disclosed on the website of the AMC and AMFI on a monthly basis, for tenures 1 year, 3 year, 5 year, 10 year and since the date of allotment of units. C. Transparency/NAV Disclosure (Details with reference to information given in Section I) a) The NAV will be calculated and disclosed at the close of every Business Day and uploaded on the AMFI website www.amfiindia.com and Nippon India Mutual Fund website i.e. https://mf.nipponindiaim.com by 11.00 p.m. on the day of the declaration of the NAV. Further, AMC shall extend facility of sending latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. The AMC will calculate and disclose the first NAV not later than 5 business days from the date of allotment. If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI. 52b) The NAV of the Scheme will be calculated and declared by the Fund on every Working Day. The information on NAV may be obtained by the Unitholders, on any business day from the office of the AMC / the office of the Registrar in Hyderabad or any of the other Designated Investor Service Centres. Investors may also obtain information on the purchase /sale price for a given day on any Working Day from the office of the AMC / the office of the Registrar in Hyderabad/ any of the other Designated Investor Service Centres. Investors may also note that Nippon India Mutual Fund shall service its customers through the call center from Monday to Saturday between 8.00 am to 9.00 pm. However, 24x7 facility shall be available for addressing the queries through interactive voice response (IVR). Investor may also call Customer Care at 18602660111 (charges applicable) and investors outside India can call Customer Care at 91-22-69259696 (charges applicable). c) The AMC will disclose the Half-yearly Unaudited Financial Results in the prescribed format on the NIMF website i.e. https://mf.nipponindiaim.com and communicate to the Unit holders with such timelines as may be prescribed under the Regulations from time to time. d) Providing of the Annual Reports of the respective Schemes within the stipulated period as required under the Regulations. e) The AMC shall disclose the scheme’s portfolio in the prescribed format as on the last day of the month/Half year for all the Schemes of NIMF on or before the tenth day of the succeeding month or within such timelines and manner as prescribed by SEBI from time to time on the NIMF Website i.e. https://mf.nipponindiaim.com and AMFI website www.amfiindia.com. The AMC shall communicate disclosure of Portfolio on a half-yearly basis to the Unit holders as may be prescribed under the Regulations from time to time. f) In case of unitholders whose e-mail addresses are registered, the Mutual Funds/ AMCs shall send via email both the monthly and half-yearly statement of scheme portfolio within 10 days from the close of each month/ half-year respectively. g) In addition to above, the indicative NAV will be updated on AMCs website during market hours as per Clause no. 3.6.5 of SEBI Master circular dated June 27, 2024. Since the scheme is listed on the exchange the listed price on respective stock exchange shall be applicable D. Transaction charges and stamp duty - Indicate only the amount of transaction charges and stamp duty applicable. Transaction charges As per Notice cum Addendum dated May 08, 2024, there is discontinuation of payment of Transaction Charges to Distributors w.e.f from May 13, 2024.. Stamp duty charges Clause no. 10.1 of SEBI Master Circular dated June 27, 2024, a stamp duty @ 0.005% of the transaction value would be levied on applicable mutual fund transactions, with effect from July 01, 2020 For details please refer SAI. E. Associate Transactions- Please refer to Statement of Additional Information (SAI) F. Taxation - Taxation for Equity Oriented Schemes: Nature of Income and Taxability Resident and Non-Resident Investors Tax on Income Distribution As per applicable rates Tax on Long Term Capital Gain 12.5% Tax on Short Term Capital Gain 20% For further details on Taxability please refer to clause of Taxation in the SAI. G. Rights of Unitholders- Please refer to SAI for details H. List of official points of acceptance: For details, please visit https://mf.nipponindiaim.com/investor-service/customer-service/locate-a-mutual-fund-distributor I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority Please refer to the below link: https://mf.nipponindiaim.com/investor-service/downloads/scheme-information-document 53