Nippon India Nifty India Manufacturing Index Fund

SECTION I Nippon India Nifty India Scheme Information Manufacturing Index Fund An open-ended scheme replicating/ tracking Nifty India Document Manufacturing Index Product Label This product is suitable for investors who are seeking*: Scheme Riskometer: Benchmark Riskometer: Nippon India Nifty India Manufacturing Index Nifty India Manufacturing TRI Fund • Long Term Capital Growth • Investments in equity and equity related securities and portfolio replicating the composition of the 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 product labelling assigned during the NFO is based on internal assessment of the sc heme characteristics or model portfolio and the same may vary post NFO when the actual investments are made. Offer of Uni ts o f Rs . 10 /- each dur ing 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 x xxx xxxx T he 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, (herein after referred to as SEBI (MF) Regulat io ns) as a m en d ed ti ll da te , a nd Nippon I n dia Mutual Fund (NIMF) circulars issued thereunder filed with SE BI, along with a D ue Diligence Certificate from the Asset Manage ment C ompany. Th e units be ing offered fo r p ublic subscription have not been approved or recommended by SEBI nor h as NAME OF ASSET MANA GEMENT COMPANY S EBI certified the accuracy or adequacy of the Scheme Information Document. Nippon Life India Asset Management Limited (NAM India) The Scheme Information Document sets for th co ncisel y the infor mati on abo ut the C IN : L65910MH1995PLC220793 scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about a ny furth e r changes t o this Sche m e Information D ocument after the date of this Document from the Mutual Fund / Investor Service NAME OF TRUSTEE COMPANY C entres /Website / Distributors or Brokers. Nippon Life India Trustee Limited (NLITL) The investors are advised to refer to the Statem ent of Ad diti onal In form ation (SAI) for details of Nippon India Mutual Fund, Standard Risk Factors, Special CIN : U65910MH1995PLC220528 Consideration, Tax and Lega l issue s and g eneral in formation on m f.nipponindiaim.com. Registered Office (NIMF, NAM India, NLITL) SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, pleas e co ntact your nearest 4th F loor, Tower A, Peninsula Business Park, Investor Service Centre or log on to our website. Ganapatrao K adam Ma rg , Lower Parel (W), The Scheme Information Document (Section I and II) should be read in Mumbai - 400 013. conjunction with the SAI and not in isolation. Tel No. +91 022 6808 7000 This Scheme Information Document is dated July 10, 2 0 25 and w as ap p roved b y th e Board Fax No . + 91 022 6808 7097 of the Trustees on December 16, 2024. Website : m f.nipponind iaim.com 1CONTENTS SECTION I ........................................................................................................................................................................................................... 1 PART I. HIGHLIGHTS/SUMMARY OF THE SCHEME ......................................................................................................................................... 3 PART II. INFORMATION ABOUT THE SCHEME ................................................................................................................................................ 9 A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ............................................................................................................................ 9 B. WHERE WILL THE SCHEME INVEST? ................................................................................................................................................ 10 C. WHAT ARE THE INVESTMENT STRATEGIES? ................................................................................................................................... 10 D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ......................................................................................................... 11 E. WHO MANAGES THE SCHEME? ......................................................................................................................................................... 11 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? ............................................................ 11 G. HOW HAS THE SCHEME PERFORMED ............................................................................................................................................. 12 H. ADDITIONAL SCHEME RELATED DISCLOSURES .............................................................................................................................. 12 PART III - OTHER DETAILS .............................................................................................................................................................................. 13 A. COMPUTATION OF NAV ...................................................................................................................................................................... 13 B. NEW FUND OFFER (NFO) EXPENSES ................................................................................................................................................ 13 C. ANNUAL SCHEME RECURRING EXPENSES ...................................................................................................................................... 13 D. LOAD STRUCTURE .............................................................................................................................................................................. 15 SECTION II ........................................................................................................................................................................................................ 17 I. INTRODUCTION ................................................................................................................................................................................... 17 A. DEFINITIONS/INTERPRETATION......................................................................................................................................................... 17 B. RISK FACTORS .................................................................................................................................................................................... 17 C. RISK MITIGATION STRATEGIES ......................................................................................................................................................... 21 II. INFORMATION ABOUT THE SCHEME: .............................................................................................................................................. 23 A. WHERE WILL THE SCHEME INVEST –................................................................................................................................................ 23 B. WHAT ARE THE INVESTMENT RESTRICTIONS? ............................................................................................................................... 24 C. FUNDAMENTAL ATTRIBUTES ............................................................................................................................................................ 26 D. INDEX METHODOLOGY (FOR INDEX FUNDS, ETFS AND FOFS HAVING ONE UNDERLYING DOMESTIC ETF) – ......................... 27 E. PRINCIPLES OF INCENTIVE STRUCTURE FOR MARKET MAKERS (FOR ETFS) - .......................................................................... 30 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) - ............................................................................................................................................................................... 30 G. OTHER SCHEME SPECIFIC DISCLOSURES: ...................................................................................................................................... 30 III. OTHER DETAILS ................................................................................................................................................................................. 42 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 ............................................................................................................................................................ 42 B. PERIODIC DISCLOSURES SUCH AS HALF YEARLY DISCLOSURES, HALF YEARLY RESULTS, ANNUAL REPORT ..................... 42 C. TRANSPARENCY/NAV DISCLOSURE (DETAILS WITH REFERENCE TO INFORMATION GIVEN IN SECTION I) ............................. 43 D. TRANSACTION CHARGES AND STAMP DUTY ................................................................................................................................... 44 E. ASSOCIATE TRANSACTIONS - PLEASE REFER TO STATEMENT OF ADDITIONAL INFORMATION (SAI) ...................................... 44 F. TAXATION FOR EQUITY ORIENTED SCHEMES ................................................................................................................................. 44 G. RIGHTS OF UNITHOLDERS- PLEASE REFER TO SAI FOR DETAILS ................................................................................................ 44 H. LIST OF OFFICIAL POINTS OF ACCEPTANCE: .................................................................................................................................. 44 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 ................................. 44 2DISCLAIMERS Disclaimer by the Index Provider: Performance of the underlying index will have a direct bearing on the performance of the Scheme. In the event the index is dissolved or is withdrawn by the index provider, the Trustee reserves a right to modify the Scheme so as to track a different and suitable index and the procedure stipulated in the SEBI Regulations shall be complied with. 1. 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. 3Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description I. Name of the scheme Nippon India Nifty India Manufacturing Index Fund II. Category of the Index Fund Scheme III. Scheme type An open-ended scheme replicating/tracking Nifty India Manufacturing Index IV. Scheme code V. Investment 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. VI. Liquidity/listing details Liquidity The Scheme will offer for Sale / Switch-in and Redemption / Switch-out of Units on every Working Day on an ongoing basis. As per SEBI Regulations, the Mutual Fund shall initiate Redemption proceeds within 3 Working Days of receiving a valid Redemption request. In case of exceptional situations listed in AMFI Circular No. AMFI/35P/MEM-COR/74/2022-23 dated January 16, 2023 read with clause 14.2 of SEBI Master Circular dated June 27, 2024, redemption payment would be made within the permitted additional timelines. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the Redemption proceeds are not initiated within 3 working days of the date of receipt of a valid Redemption request. Listing Being an open-ended scheme, the Units of the Scheme will not be listed on any stock exchange, at present. The Trustee may, at its sole discretion, cause the Units under the Scheme to be listed on one or more Stock Exchanges VII. Benchmark (Total Nifty India Manufacturing TRI Return Index) The scheme is an index fund. 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. VIII. NAV disclosure The AMC will calculate and disclose the first NAV within 5 working days from the date of allotment. Subsequently, the NAV will be calculated and disclosed at the close of every Business Day and uploaded on the AMFI website https://www.amfiindia.com and Nippon India Mutual Fund website i.e. https://mf.nipponindiaim.com by 11.00 p.m. on the same business day. Further, AMC will extend facility of sending latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. For further details, kindly refer Section II. IX. Applicable timelines Timeline for Dispatch of redemption proceeds As per SEBI Regulations, the Mutual Fund shall transfer the redemption proceeds within the maximum period allowed, which is currently 3 working days from the date of receipt of the redemption request at the Designated Investor Service Centres. 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. A Transaction Confirmation Slip / Fresh Account Statement will also be sent to the Unitholders reflecting the new unit balance in his Account. For payments made other than through direct transfers, the redemption proceeds shall be Dispatched through ordinary mail (with or without UCP) or Registered Post or by Courier, unless otherwise required under the Regulations, at the risk of the unitholder Timeline for Dispatch of IDCW (if applicable) etc The IDCW payments shall be initiated to the unitholders within 7 working days from the record date in compliance to the Clause 11.4 of the SEBI Master circular dated June 27, 2024. X. Plans and Options The Scheme offers following Plans/Options under Direct Plan and Regular Plan: Plans/Options and sub (a) Growth Plan options under the (1) Growth Option Scheme (b) Income Distribution cum capital withdrawal Plan (1) Payout Option (2) Reinvestment Option Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund (i.e. investments not routed through an AMFI Registration Number (ARN) Holder). Distribution of IDCWs will be subject to the availability of distributable surplus. 4The AMC, in consultation with the Trustees reserves the right to discontinue/ add more plans/ options at a later date subject to complying with the prevailing SEBI guidelines and Regulations. Scena Broker Code Plan mentioned by the investor Default Plan to be captured rio mentioned by the investor 1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Plan Direct Plan 3 Not mentioned Regular Plan/Other than Direct Plan Direct Plan 4 Mentioned Direct Plan Direct Plan 5 Direct Not mentioned Direct Plan 6 Direct Regular Plan/Other than Direct Plan Direct Plan 7 Mentioned Regular Plan/Other than Direct Plan Regular Plan/Other than Direct Plan 8 Mentioned Not mentioned Regular Plan/Other than Direct Plan Default Plan For detailed disclosure on default plans and options, kindly refer SAI Treatment of Transactions received with invalid ARNs (As per AMFI Best practices guidelines circular no.111/2023-24 dated February 02,2024) A. Definition of ‘Invalid ARN’: “Invalid ARNs” shall include ARN validity period expired or terminated or cancelled or suspended or suspended due to Nomenclature changes or ARN not empanelled with AMC or ARN holder decease and last ARN holder debarred by SEBI B. Guidelines for Processing of transactions received under Regular Plan with invalid ARN: Transactions received in Regular Plan with Invalid ARN to be processed in Direct Plan of the same Scheme (even if reported in Regular Plan), as below: Notes: 1. *If the EUIN is invalid/missing, the transactions shall be processed in Regular plan, and the distributor/investor shall be given 30day period from the date of the transaction for remediation of the EUIN. The commission shall not be paid till the EUIN is remediated. 2. For SIP & STP facilities, the ARN validity shall be verified / validated at the time of registration. For instances where the registration details not available in RTA records the transaction shall be treated as lumpsum purchase for validations. 3. SIPs registered under ARN of deceased to continue till end of SIP registration period or investor’s request as per AMFI guidelines; No fresh transactions or SIPs will be booked under the ARN of deceased MFD post cancellation of ARN at AMFI. 4. Only Sub-distributor’s ARN with valid “ARN-“values in the transaction will be considered for validation of Sub- distributor ARN for all types of transactions (lumpsum/SIP/STP). 5. If the ARN is invalid as on date of SIP / STP registration, such registration and future transactions thereunder will be processed under DIRECT plan. 6. Transactions other than through physical mode which are found to be not in order basis above matrix, will be rejected instead of processing in Direct Plan. 7. Transactions received from the stock exchange platforms in Demat mode with invalid ARN shall be rejected instead of processing in Direct Plan. 8. IDCW reinvestment transactions, being a corporate action, will be excluded from the above validation XI. Load Structure Exit Load: NIL 5Exit load if charged, by NIMF to the unit holders shall be credited to the scheme immediately net of Goods & Service Tax, if any XII. Minimum Application During NFO: Amount/switch in Minimum amount of Rs.1,000 and in multiples of Re.1 thereafter On continuous basis: Minimum amount of Rs.1,000 and in multiple of Re.1 thereafter XIII. Minimum Additional Minimum Additional Investment: Purchase Amount Rs.1,000 and in multiples of Re.1 thereafter Note – For investments made by designated employees in terms of Clause 6.10 of SEBI Master circular dated June 27, 2024 read with SEBI Circular dated March 21, 2025, requirement for minimum application/ redemption amount will not be applicable.’ XIV. Minimum Minimum Redemption Amount Redemption/switch out amount Redemptions can be of minimum amount of Rs.100 or any number of units or account balance, whichever is lower. Note – For investments made by designated employees in terms of Clause 6.10 of SEBI Master circular dated June 27, 2024 read with SEBI Circular dated March 21, 2025, requirement for minimum application/ redemption amount will not be applicable 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. Switch-out facility from applicable ETF schemes to Nippon India Nifty India Manufacturing Index Fund 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). b. Switch transaction will be processed subject to availability of all details as per regulatory guidelines. c. 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. d. In case of any rejection in Switch-in to the transferee Scheme, the amount will be paid to the investor as redemption proceeds. e. 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. However, in case there is no existing Folio, the investor has to provide the details and signatures of all holders for Folio creation in the open-ended (Non- ETF) Scheme. f. 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. 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: xxxx This is the period during NFO closes on: xxxx which a new scheme Scheme re-opens for continuous sale & repurchase not later than: xxxx 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 NFO price will be Rs. 10/- per unit This is the price per unit that the investors have to pay to invest during the NFO. XVII. Segregated portfolio/ The scheme has segregated portfolio disclosure. For Details Disclosure, kindly refer SAI side pocketing disclosure XVIII. Swing pricing Not Applicable disclosure 6XIX. 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. For details please refer SAI. Short Selling The Scheme will not invest in Short Selling XX. How to Apply & Other The applications filled up and duly signed by the applicants should be submitted at the office of the Collection Details 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. Please refer to the SAI for detailed procedure and Application form for the instructions. XXII. 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. XXIII. Specific attribute of Not Applicable the scheme (such as lock in, duration in case of target maturity scheme/close ended schemes) (as applicable) XXIV. Special Special product/facility available during the NFO product/facility A. SPECIAL PRODUCTS available during the 1. Systematic Investment Plan (SIP) NFO and on ongoing basis B. SPECIAL FACILITIES 1. Auto Switch Facility This fund will offer an auto switch facility from all liquid and debt schemes to Nippon India Nifty India Manufacturing Index Fund 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 ASBA facility will be provided to the investors subscribing to NFO of the Scheme. It shall coexist with the existing process, wherein cheques are used as a mode of payment. Detailed provision of such facility has been provided in SAI. 3. Transactions through website of Nippon India Mutual Fund https://mf.nipponindiaim.com, Nippon India Mutual Fund mobile applications and other digital assets / platforms 4. Facilitating transactions through Stock Exchange Mechanism 5. Transactions through Electronic platform of KFin Technologies Limited 6. Official Point of Acceptance through MF Central 7. Official Points of Acceptance of Transaction through MF utility Special product/facility available during the ongoing basis A. SPECIAL PRODUCTS 1. Systematic Investment Plan 72. Systematic Transfer Plan 3. Nippon India Salary AddVantage 4. Transfer of Income Distribution cum capital withdrawal plan 5. Systematic Withdrawal Plan 6. Trigger Facility 7. Nippon India SMART STEP B. SPECIAL FACILITIES 1. Transactions through website of Nippon India Mutual Fund https://mf.nipponindiaim.com, Nippon India Mutual Fund mobile applications and other digital assets / platforms 2. Facilitating transactions through Stock Exchange Mechanism 3. Official Points of Acceptance of Transaction through MF utility 4. Transactions through Electronic Platform of Registrar and Transfer Agent 5. Official Point of Acceptance through MF Central 6. Introduction of Single Cheque Multiple Scheme investment facility 7. Official Points of acceptance of transactions through Cybrilla platform For detailed disclosure of above special products / facilities, kindly refer SAI. XXV. 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 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 Index Fund 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: January 22, 2025 Name: Muneesh Sud Place: Mumbai Designation: Chief Legal & Compliance Officer 8Part II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Under normal circumstances, the anticipated asset allocation would be: Indicative asset allocation Risk Profile (% of total assets) Instruments Minimum Maximum Securities constituting Nifty India Manufacturing Index 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 Clauses 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. Type of Instrument Percentage Circular references No 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-hedging purposes 0-20% Clause 12.25 of SEBI Master Circular dated June 27, 2024 3. Derivatives for hedging purposes 0-20% Clause 12.25 of SEBI Master Circular dated June 27, 2024 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 market instruments 0-5% Clause 12.1.5 of SEBI Master Circular dated June 27, 2024 9. Unlisted Non-Convertible Debentures (NCDs) Nil Clause 12.1.1 of SEBI Master Circular dated June 27, 2024 10. * Unsupported rating of debt instruments (i.e. Nil Clauses 12.3.1 of SEBI Master Circular dated June 27, without factoring-in credit enhancements) is 2024 below investment grade and Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment grade at Scheme level. 11. * Unsupported rating of debt instruments (i.e. Nil Clauses 12.3.1 of SEBI Master Circular dated June 27, without factoring-in credit enhancements) is 2024 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. 912. Repo transactions in corporate debt securities Nil Clauses 12.18.1.1 of SEBI Master Circular dated June 27, 2024 13. Schemes of Nippon India Mutual Fund and/ or 0-5% Clause 4 of Seventh Schedule of SEBI (Mutual Funds) any other mutual fund which invest in the money Regulations, 1996 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.b of SEBI Master Circular dated June 27, 2024; the intention being at all times 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, at all times 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 calendar 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 6 or 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 Index Fund is a passively managed index fund 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 almost all the stocks comprising the Nifty India Manufacturing Index in approximately the same weightage that they represent in Nifty India Manufacturing Index. The 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. 10Portfolio Turnover 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 index fund. 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 Name of the Other Schemes managed Qualification including assignments held during the past 10 years Mr. Jitendra 39 MBA (Finance) Over 18 years of experience Nippon India Nifty 50 Value 20 Index Fund, Tolani years From June 10, 2024 onwards Nippon India Nifty Alpha Low Volatility 30 Index Fund Manager NAM India - Designated as Fund Manager & Fund, Nippon India Nifty Bank Index Fund, & Dealer – Dealer - Passives Nippon India Nifty IT Index Fund, Nippon India Passives Nifty 500 Equal Weight Index Fund, Nippon India February 2016 - May 2024 Nifty 500 Momentum 50 Index Fund, Nippon (Managing the Motilal Oswal Financial Services Ltd: India Nifty Auto Index Fund, Nippon India Nifty Scheme - Designated as VP Sales Trading, Institutional Realty Index Fund, Nippon India Silver ETF Fund Since Launch Equities – responsible for handling trades for of Fund (FOF), CPSE ETF, Nippon India ETF of the scheme) domestic institutions Nifty PSU Bank BeES, Nippon India ETF Nifty IT, Nippon India Nifty Pharma ETF, Nippon India August 2013 – February 2016 Nifty Auto ETF, Nippon India ETF Nifty 50 Value Asit C Mehta Investment Intermediaries Ltd: 20, Nippon India ETF Nifty Infrastructure BeES, Designated as DVP Sales Trading, Institutional Nippon India ETF Nifty India Consumption, Equities- responsible for handling the dealing Nippon India ETF Nifty Dividend Opportunities 50 team & also to handle trades for domestic and Nippon India ETF Nifty 50 Shariah BeES, institutions 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 Index schemes of Nippon India Mutual Fund are as follows: Sr. No. Scheme Name 1. Nippon India Index Fund - Nifty 50 Plan 2. Nippon India Index Fund - BSE Sensex Plan 3. Nippon India Nifty Midcap 150 Index Fund 4. Nippon India Nifty Smallcap 250 Index Fund 5. Nippon India Nifty 50 Value 20 Index Fund 6. Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund 7. Nippon India Nifty Alpha Low Volatility 30 Index Fund 8. Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund 9. Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund 10. Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund 11. Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund 12. Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund 13. Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund 14. Nippon India Nifty Bank Index Fund 15. Nippon India Nifty IT Index Fund 1116. Nippon India Nifty 500 Equal Weight Index Fund 17. Nippon India Nifty 500 Momentum 50 Index Fund 18. Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund 19. Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund 20. Nippon India Nifty Auto Index Fund 21. Nippon India Nifty Realty Index Fund 22. Nippon India Nifty 500 Quality 50 Index Fund 23. Nippon India Nifty 500 Low Volatility 50 Index Fund 24. Nippon India BSE Sensex Next 30 Index Fund For details of the scheme differentiation please visit https://mf.nipponindiaim.com/investor-service/downloads/scheme-information-document G. HOW HAS THE SCHEME PERFORMED 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 This scheme is a new scheme and does not have any holdings by issuer and sectors. ii. Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme in case of debt and equity ETFs/index funds through a functional website link that contains detailed description This scheme is a new scheme and does not have any holdings by issuer, stocks, groups and sectors iii. 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 iv. Portfolio Turnover Rate: This scheme is a new scheme v. Aggregate investment in the Scheme by: This scheme is a new scheme Sr. No Category of Persons Net Value Market Value ( in Rs.) 1. Concerned scheme’s Fund Manager(s) Units NAV per unit Since the Scheme is a new Scheme, the investment details are not available. For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI. vi. 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. 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 12Part 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. 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. 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 and other expenses 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 Particulars % of Net Assets Investment Management and Advisory Fees Upto 1.00% 13Audit 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 (1 bps) Brokerage & transaction cost pertaining to distribution of units Goods & Service Tax on expenses other than investment and advisory fees Brokerage and transaction cost (Including GST) over and above 12 bps and 5 bps for cash and derivative market trades respectively Other Expenses # Maximum total expense ratio (TER) permissible under Regulation 52 (6) (b) Upto 1.00% Additional expenses under Section 52 (6A) (b) for gross new inflows from specified investors and cities Upto 0.30% (# Expenses 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 Particulars Regular Plan Direct Plan Amount Invested at the beginning of the year 10,000 10,000 Returns before Expenses 1,500 1,500 Expenses other than Distribution Expenses 150 150 Distribution Expenses 50 - Returns after Expenses at the end of the Year 1,300 1350 Returns 13.00% 13.50% Note: Please note that the above is an approximate illustration of the impact of expenses on the returns, where the Returns before Expenses ratio have been simply reduced to the extent of the expenses. 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 and are subject to change inter-se as per actual 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. Mutual funds /AMCs may charge Goods & Service Tax on investment and advisory fees to the scheme in addition to the maximum limit as prescribed in 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. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, and no commission shall be paid from such plan. Further, the NAV of Direct Plan shall be different from the NAV of Regular Plan given the two plans carry different Total Expense Ratio (TER). 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/- which ever 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 investors in the Nippon India Nifty India Manufacturing Index Fund will be charged a maximum of 1.00% of the daily net assets as per Regulation 52 excluding additional expenses as allowed by sub regulation 6A of regulation 52. 14The 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. 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 and 0.05 per cent of the value of trades in case of derivatives transactions. Any payment towards brokerage and transaction costs incurred for the execution of trades, over and above the said 0.12 per cent and 0.05 per cent for cash market transactions and derivatives transactions respectively 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.; (b) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such investors and cities as specified by SEBI from time to time are at least - (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher: Note: In line with AMFI communication no.35P/MEM-COR/85-a/2022-23 dated March 2, 2023 and SEBI letter no. SEBI/H0/IMD/IMD-SEC- 3/P/OW/2023/5823/1 dated February 24, 2023, the B-30 incentive structure is kept in abeyance from March 1, 2023, till any further guidelines regarding necessary safeguards are issued by SEBI Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis: Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities. Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment; Provided further that, additional TER of 0.30 per cent can be charged based on inflows from retail investors only. For the purpose of additional TER, inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investors” as stipulated by Clause 10.1.3 of SEBI Master Circular dated June 27, 2024, as amended from time to time. 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. The recurring expenses incurred in excess of the limits specified by SEBI (MF) Regulations will be borne by the AMC or by the Trustee or the Sponsor D. LOAD STRUCTURE Load is an amount which is paid by the investor to redeem the units from the scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. For the current applicable structure, please refer to the website of the AMC https://mf.nipponindiaim.com or may call at Customer Service Centre 1860-266-0111 (charges applicable), and Investors outside India can call at 91-22-69259696 (charges applicable) or your distributor. a) Exit Load: Nil Pursuant to Clause no. 10.4 of the SEBI Master circular dated June 27, 2024 , upfront commission shall be paid directly by the investor to the AMFI Registered Distributor based on the investor’s assessment of various factors including the services rendered by the AMFI Registered Distributor. Unitholders will have the flexibility to change the allocation of their investments among the various scheme(s) offered by the Mutual Fund, in order to suit their changing investment needs, by easily switching between the scheme(s) / plans/options of the Mutual Fund. b) Switchover Facility: Available, subject to minimum application amount in switch in scheme (for opening a new folio/account) and minimum additional investment amount in in switch in scheme for switch-ins thereafter. c) Inter Scheme Switch: At the applicable loads in the respective schemes. d) Inter Plan/Inter Option Switch/STP: i) Switch / Systematic transfer of Investments made from ‘Regular Plan’ to ‘Direct Plan’ under the scheme and vice versa, will not be subject to exit load. ii) No Exit Load shall be levied for switch of investments made without ARN code, from Regular Plan to Direct Plan of the Scheme or vice versa. No load shall be applicable for Inter Option Switch/systematic transfer of investments within the same plan under the scheme (for e.g. Growth option to Income Distribution cum Capital Withdrawal option and vice versa). 15Further, the Trustees shall have a right to prescribe or modify the load structure with prospective effect subject to a maximum prescribed under the Regulations. For any change in load structure NAM India will issue an addendum and display it on the website/Investor Service Centres. Pursuant to Clause no. 10.4 of the SEBI Master circular dated June 27, 2024, upfront commission shall be paid directly by the investor to the AMFI Registered Distributor based on the investor’s assessment of various factors including the services rendered by the AMFI Registered Distributor. The investor is requested to check the prevailing load structure of the scheme before investing. 16SECTION 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 Tracking errors are inherent in any index fund and such errors may cause the schemes to generate returns which are not in line with the performance of the Nifty India Manufacturing Index or one or more securities covered by / included in the Nifty India Manufacturing Index and may arise from a variety of factors. Delayed realisations, cash for redemptions can result into tracking error, including transactions costs of investments etc. The Scheme is subject to the principal risks described below. Some or all of these risks may adversely affect Scheme’s NAV trading price, yield, total return and/or its ability to meet its objectives. • The NAV of the units is closely related to the value of stocks that form a part of the benchmark index. The value of this will react to stock market movements and may result in changes in the NAV of units under the scheme. There could also be movements in the scheme’s NAV due to changes in interest rates, macro-economic and political developments and over longer periods during market downturns; • Tracking error may have an impact on the performance of the scheme. However, NAM India would monitor the tracking difference of the Scheme on an ongoing basis and would seek to minimize tracking difference to minimum practicable. • The Scheme is a passively managed scheme and provides exposure to the benchmark and tracking its performance. The Schemes performance may be affected by a general price decline in the stock markets. The Scheme invests in the stocks comprising the index regardless of their investment merit. The Mutual Fund does not attempt to take defensive positions in declining markets. • As the scheme proposes to invest not less than 95% of the net assets in securities comprising of Nifty India Manufacturing Index, any deletion of stocks from or addition to in Nifty India Manufacturing Index will require liquidation or acquisition of such stocks at the prevailing market prices. • The performance of the Nifty India Manufacturing Index will have a direct bearing on the performance of the scheme. Hence any composition change by virtue of weightage or stocks selection will have an impact on the scheme. • The Index reflects the prices of securities at a point in time, which is the price at close of business day on the stock exchange. The Scheme, however, may at times trade these securities at different points in time during the trading session and therefore the prices at which the Plan trade may not be identical to the closing price of each scrip on that day on the BSE / NSE. In addition, the Scheme may opt to trade the same securities on different exchanges due to price or liquidity factors, which may also result in traded prices being at variance, from BSE / NSE closing prices. b) Risk specific to investing in securities forming part of Nifty India Manufacturing Index and risks:- Nippon India Nifty India Manufacturing Index Fund is passively a managed Index 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. 17(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 settlement 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 debt 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 debt markets can be volatile leading to the possibility of large price movements up or down in debt and money market securities and thereby to possibly large movements in the NAV. 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 fixed income security (i.e. will be unable to make timely principal and interest payments on the security). Because of this risk debentures 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. 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. 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 cash flows. Risks associated with various types of securities CREDIT RISK LIQUIDITY RISK PRICE RISK Listed Depends on credit Low Volatility Relatively Low Depends on duration of instrument Unlisted Depends on credit Low Volatility 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 18Different 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. (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. 19(j) 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 1. Security comprises of segregated portfolio may not realise any value. (Complete section related to segregation of portfolio will be mentioned in the SAI) (k) 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, delay 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. (l) 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”. As 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. (m) Risk factor associated with investment in Units of Other 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 20government 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. (n) Other Scheme Specific Risk factors 1. 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. 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 debt 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 subsequently negative or unfavorable market movements. 2. Credit And Rating Downgrade Risk, Prepayment And Foreclosures Risk for Senior PTC Series, Prepayment And Foreclosures Risk for Senior PTC Series, Servicing Agent Risk, Co-mingling Risk, Bankruptcy of the Seller. 3. The NAV of the scheme to the extent invested in Debt and 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. 4. 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. 5. 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 AMC may choose to invest in to be listed equity securities that offer attractive yields. This may increase the risk of the portfolio. 6. 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. 7. 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. 8. The AMC carries out valuation of investments made by the Scheme. The AMC values Securities and assets in the Scheme according to the valuation policies described in the Statement of Additional Information. 9. 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. 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 Index Fund is the name of the Scheme and does not in any manner indicate either the Low 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. C. Risk Control/Risk Mitigation: Risk mitigation measures for portfolio volatility and portfolio concentration: Index Fund being a passive investment carries less 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. Risk mitigation measures for managing liquidity: As per data from NSE 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. 21Type 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 Instruments a passively managed scheme, it will invest in the securities included in its Underlying Index. • Concentration / Sector Risk: Index Fund being 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. Debt and Money Market • Credit Risk: Management analysis will be used for identifying company specific risks. Management’s past track record will also be studied. In order to assess financial risk a detailed instruments 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 take an exposure to equity derivatives of constituents or index derivatives of the underlying index for short duration when securities of the index are unavailable, insufficient or for rebalancing at the time of change in index or in case of corporate actions, as permitted. All derivatives trade will be done only on the exchange with guaranteed settlement. Exposure with respect to derivatives shall be in line with regulatory limits and the limits specified in the SID. Securities Lending The SLB shall be operated through Clearing Corporation/Clearing House of stock exchanges having nation-wide terminals who are registered as Approved Intermediaries (AIs).” The risk is adequately covered as Securities Lending & Borrowing (SLB) is an Exchange traded product. Exchange offers an anonymous trading platform and gives the players the advantage of settlement guarantee without the worries of counter party default. However, the Fund may not be able to sell such lent securities during contract period or have to recall the securities which may be at higher than the premium at which the security is lent. Currency The scheme subject to applicable regulations shall have the option to enter into forward contracts for the purpose of hedging against the foreign exchange fluctuations. The Schemes may employ various measures (as permitted by SEBI/RBI) including but not restricted to currency hedging (such as currency options and forward currency exchange contracts, currency futures, written call options and purchased put options on currencies and currency swaps), to manage foreign exchange movements arising out of investment in foreign securities. All currency derivatives trade, if any will be done only through the stock exchange platform. Segregated Portfolio In such an eventuality it will be AMC’s endeavor to realise the segregated holding in the best interest of the investor at the earliest. 22Tracking 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. Government securities and As a member of securities segment and Triparty repo segment, maintenance of sufficient margin is a Triparty repo on Government mandatory requirement. CCIL monitors these on a real time basis and requests the participants to securities or treasury bills: 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. Liquidity is generally high in both overnight as well as liquid schemes. Units of overnight & liquid mutual fund schemes 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. The 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. Risk Control: Index Fund being a passive investment and 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. II. Information about the scheme: A. Where will the scheme invest The net assets of the Scheme will be invested 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 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) Unrated debt and money market instruments. (4) Units of money market / liquid schemes of Nippon India Mutual Fund and/ or any other mutual fund. (5) 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”. (6) 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, 1997 and 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 At present, the Indian debt market has following types of Issuers / Instruments. Their listing status, current yield, liquidity Status and risk profile is tabled below Brief 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 23CDs (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. Such 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. 24Provided 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.” (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 with Clause 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. 25b) 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. 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. 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 listing, repurchase, redemption. Being an open-ended scheme, the Units of the Scheme will not be listed on any stock exchange, at present. The Trustee may, at its sole discretion, cause the Units under the Scheme to be listed on one or more Stock Exchanges. The Scheme will offer for Subscription/ Switch-in and Redemption / Switch-out of Units on every Business Day on an ongoing basis, within five business days of allotment. The redemption or repurchase proceeds shall be transferred to the unitholders within 3 working Days from the date of redemption or repurchase. • Aggregate fees and expenses charged to the scheme. i) New Fund Offer (NFO) Expenses : Refer to Section I - Part-III - B 26ii) 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 (for index funds, ETFs and FOFs having one underlying domestic ETF) – 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 Eligibility 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 27Reconstitution: • 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 • 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 Constituents of Nifty India Manufacturing Index as on June 30, 2025 Sr. ISIN Name of Constituents Index Weightage (%) Impact Cost No. 1 INE002A01018 RELIANCE INDUSTRIES LTD. 5.04% 0.01 2 INE044A01036 SUN PHARMACEUTICAL INDUSTRIES LTD. 4.88% 0.02 3 INE101A01026 MAHINDRA & MAHINDRA LTD. 4.88% 0.02 4 INE585B01010 MARUTI SUZUKI INDIA LTD. 4.40% 0.02 5 INE263A01024 BHARAT ELECTRONICS LTD. 3.94% 0.02 6 INE155A01022 TATA MOTORS LTD. 3.88% 0.02 7 INE081A01020 TATA STEEL LTD. 3.57% 0.02 8 INE038A01020 HINDALCO INDUSTRIES LTD. 2.71% 0.02 9 INE019A01038 JSW STEEL LTD. 2.62% 0.03 10 INE917I01010 BAJAJ AUTO LTD. 2.51% 0.02 11 INE066F01020 HINDUSTAN AERONAUTICS LTD. 2.41% 0.02 12 INE361B01024 DIVI'S LABORATORIES LTD. 2.34% 0.03 13 INE059A01026 CIPLA LTD. 2.29% 0.02 14 INE205A01025 VEDANTA LTD. 2.11% 0.02 15 INE089A01031 DR. REDDY'S LABORATORIES LTD. 2.11% 0.02 16 INE040H01021 SUZLON ENERGY LTD. 2.11% 0.32 17 INE066A01021 EICHER MOTORS LTD. 2.10% 0.02 18 INE494B01023 TVS MOTOR COMPANY LTD. 1.85% 0.03 19 INE029A01011 BHARAT PETROLEUM CORPORATION LTD. 1.74% 0.03 2820 INE935N01020 DIXON TECHNOLOGIES (INDIA) LTD. 1.58% 0.04 21 INE158A01026 HERO MOTOCORP LTD. 1.49% 0.02 22 INE242A01010 INDIAN OIL CORPORATION LTD. 1.48% 0.02 23 INE318A01026 PIDILITE INDUSTRIES LTD. 1.27% 0.03 24 INE647A01010 SRF LTD. 1.27% 0.03 25 INE326A01037 LUPIN LTD. 1.27% 0.03 SAMVARDHANA MOTHERSON 26 INE775A01035 1.23% 0.03 INTERNATIONAL LTD. 27 INE298A01020 CUMMINS INDIA LTD. 1.20% 0.03 28 INE343H01029 SOLAR INDUSTRIES INDIA LTD. 1.16% 0.05 CG POWER AND INDUSTRIAL SOLUTIONS 29 INE067A01029 1.14% 0.03 LTD. 30 INE176B01034 HAVELLS INDIA LTD. 1.06% 0.03 31 INE685A01028 TORRENT PHARMACEUTICALS LTD. 0.96% 0.03 32 INE465A01025 BHARAT FORGE LTD. 0.94% 0.03 33 INE749A01030 JINDAL STEEL & POWER LTD. 0.94% 0.03 34 INE208A01029 ASHOK LEYLAND LTD. 0.94% 0.02 35 INE628A01036 UPL LTD. 0.90% 0.03 36 INE603J01030 PI INDUSTRIES LTD. 0.90% 0.04 37 INE974X01010 TUBE INVESTMENTS OF INDIA LTD. 0.90% 0.03 38 INE257A01026 BHARAT HEAVY ELECTRICALS LTD. 0.89% 0.03 39 INE455K01017 POLYCAB INDIA LTD. 0.86% 0.03 40 INE406A01037 AUROBINDO PHARMA LTD. 0.86% 0.03 41 INE0V6F01027 HYUNDAI MOTOR INDIA LTD. 0.85% 0.04 42 INE761H01022 PAGE INDUSTRIES LTD. 0.84% 0.04 43 INE117A01022 ABB INDIA LTD. 0.83% 0.02 44 INE702C01027 APL APOLLO TUBES LTD. 0.82% 0.05 45 INE226A01021 VOLTAS LTD. 0.81% 0.03 46 INE169A01031 COROMANDEL INTERNATIONAL LTD. 0.80% 0.03 47 INE883A01011 MRF LTD. 0.78% 0.04 48 INE323A01026 BOSCH LTD. 0.77% 0.04 49 INE003A01024 SIEMENS LTD. 0.75% 0.05 50 INE195A01028 SUPREME INDUSTRIES LTD. 0.74% 0.04 51 INE540L01014 ALKEM LABORATORIES LTD. 0.72% 0.04 52 INE010B01027 ZYDUS LIFESCIENCES LTD. 0.67% 0.03 53 INE249Z01020 MAZAGOAN DOCK SHIPBUILDERS LTD. 0.64% 0.03 CROMPTON GREAVES CONSUMER 54 INE299U01018 0.62% 0.05 ELECTRICALS LTD. 55 INE878B01027 KEI INDUSTRIES LTD. 0.61% 0.05 56 INE073K01018 SONA BLW PRECISION FORGINGS LTD. 0.58% 0.04 57 INE472A01039 BLUE STAR LTD. 0.57% 0.05 58 INE787D01026 BALKRISHNA INDUSTRIES LTD. 0.53% 0.04 59 INE006I01046 ASTRAL LTD. 0.48% 0.04 60 INE302A01020 EXIDE INDUSTRIES LTD. 0.48% 0.03 61 INE704P01025 COCHIN SHIPYARD LTD. 0.46% 0.28 62 INE267A01025 HINDUSTAN ZINC LTD. 0.45% 0.04 63 INE918Z01012 KAYNES TECHNOLOGY INDIA LTD. 0.43% 0.04 64 INE09N301011 GUJARAT FLUOROCHEMICALS LTD. 0.40% 0.06 65 INE092A01019 TATA CHEMICALS LTD. 0.40% 0.04 66 INE473A01011 LINDE INDIA LTD. 0.38% 0.05 67 INE288B01029 DEEPAK NITRITE LTD. 0.37% 0.05 2968 INE055A01016 ADITYA BIRLA REAL ESTATE LTD. 0.34% 0.06 69 INE212H01026 AIA ENGINEERING LTD. 0.34% 0.07 70 INE019C01026 HIMADRI SPECIALITY CHEMICAL LTD. 0.33% 0.07 71 INE930H01031 K.P.R. MILL LTD. 0.31% 0.07 72 INE172A01027 CASTROL INDIA LTD. 0.29% 0.04 73 INE042A01014 ESCORTS KUBOTA LTD. 0.29% 0.04 74 INE531E01026 HINDUSTAN COPPER LTD. 0.25% 0.05 75 INE671A01010 HONEYWELL AUTOMATION INDIA LTD. 0.23% 0.07 76 INE010J01012 TEJAS NETWORKS LTD. 0.15% 0.06 Source: NSE E. Principles of incentive structure for market makers (for ETFs) - Not Applicable. 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:- Being an open-ended scheme, the Units of the Scheme will not be listed on any stock exchange, at present. The Trustee may, at its sole discretion, cause the Units under the Scheme to be listed on one or more Stock Exchanges Transfer of units:- If a person becomes a holder of the Units consequent to operation of law, or upon enforcement of a pledge, the Fund will, subject to production of satisfactory evidence, effect the transfer, if the transferee is otherwise eligible to hold the Units. Similarly, in cases of transfers taking place consequent to death, insolvency etc., the transferee’s name will be recorded by the Fund subject to production of satisfactory evidence. Demat Mode: Units held in Demat form are transferable in accordance with the provisions of SEBI (Depositories and Participants) Regulations, as may be amended from time to time. Transfer can be made only in favor of transferees who are eligible of holding units and having a Demat Account. The delivery instructions for transfer of units will have to be lodged with the DP in requisite form as may be required from time to time and transfer will be effected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode. Non-Demat (Statement of Account) mode: In compliance to the AMFI Best Practices Guidelines Circular No.116/ 2024-25 dated August 14, 2024 it has been decided to introduce the facility for transfer of units held in SOA (Statement of Account) mode shall be made available for all schemes of NIMF, except ETFs w.e.f. November 14, 2024. It is proposed to provide the facility to individual unitholders falling under the following three categories: (i) Surviving joint unitholder, who wants to add new joint holder(s) in the folio upon demise of one or more joint unitholder(s). (ii) A nominee of a deceased unitholder, who wants to transfer the units to the legal heirs of the deceased unitholder, post the transmission of units in the name of the nominee. (iii) A minor unitholder who has turned a major and has changed his/her status from minor to major, wants to add the name of the parent / guardian, sibling, spouse etc. in the folio as joint holder(s). Based on AMFI best practices guidelines circular no.119/2025-26, the process of transfer of units has been extended to the following categories for resident / non-resident investor: (i) Transfer to Siblings (ii) Gifting of Units (iii) Transfer of Units to Third Party (iv) Addition / Deletion of Unit Holder 30Units in Exchange Traded Funds & Solution Oriented schemes such as Retirement schemes are excluded from the transfer of units facility. Partial transfer of units held in a folio shall be allowed. If the request for transfer of units is lodged on the record date, the IDCW payout/ reinvestment shall be made to the transferor. To mitigate the risk, redemption under the transferred units shall not be allowed for 10 days from the date of transfer. Mode of submitting / accepting the Transfer Request: The facility for transfer of units held in SoA mode shall be available only through online mode via the transaction portals of the RTAs and the MF Central, i.e., the transfer of units held in SoA mode shall not be allowed through physical/ paper based mode or via the stock exchange platforms, MFU, channel partners and EOPs etc. Pre-requisites: • The surviving unit holder /nominee/minor unitholder who has turned major, should be registered as the rightful unitholder of the units in the folio to be eligible to apply for transfer of units held in SoA mode. • There should be no “lien” or freeze on the units being transferred for any reason whatsoever. Also, the Units should not be under any lock-in period. • The transferee(s) should mandatorily be an individual / individual(s) with a valid folio in the mutual fund in which the transferor wishes to transfer the units. Transferee should be eligible to hold the Units as per the respective SID and fulfil any other regulatory requirement as may be applicable. • The primary holder, Plan, Option, and the ARN (in case of Regular Plan) in the transferor’s Folio shall remain unchanged upon transfer of units in the transferee folio. Payment of Stamp duty on Transfer of Units: 1. The Stamp duty for transfer of units, if/where applicable, shall be payable by the transferor. 2. For calculation of the amount of stamp duty, the consideration value will be calculated as per the last available NAV (irrespective of the amount of consideration mentioned by the transferor in the transfer request). 3. The stamp duty if/where applicable, shall be collected by the RTAs from the transferor through online mode by ensuring that the payment is received from the bank account registered in the folio. For further details and processes, please refer to the below link: https://mf.nipponindiaim.com/investor-service/process-for-transfer-of-units-held-in- non-demat-mode Dematerialization of units The Unit holders are given an Option to hold the units by way of an Account Statement (Physical form) or in Dematerialized (‘Demat/ non demat’) form. PHYSICAL: Mode of holding shall be clearly specified in the KIM cum application form. DEMAT: Unit holders opting to hold the units in demat form must provide their Demat Account details in the specified section of the application form. The Unit holder intending to hold the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL as may be indicated by the Fund at the time of launch of the Plan) and will be required to indicate in the application the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP. In case of subscription is through SIP the units will be allotted based on the applicable NAV as per the SID and will be credited to investors Demat account on weekly basis upon realization of funds. For e.g. Units will be credited to investors Demat account every Monday for realization status received in last week from Monday to Friday. This Option shall be available in accordance with the provision laid down in the respective schemes and in terms of guidelines/ procedural requirements as laid by the Depositories (NSDL/CDSL) / Stock Exchanges (NSE / BSE) from time to time. In case, the Unit holder desires to hold the Units in a Dematerialized /Rematerialized form at a later date, the request for conversion of units held in non-demat form into 31Demat (electronic) form or vice-versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. Units held in demat form will be transferable (except in case of Equity Linked Savings Schemes) Demat option will not be available for subscription through Micro SIP. Minimum Target amount (This is the minimum amount required to operate Rs. 5 Crores 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) Not Applicable Dividend Policy (IDCW) When IDCWs are declared with respect to the Scheme, the net assets attributable to Unitholders in the respective Income Distribution cum Capital Withdrawal Plan/option will stand reduced by an amount equivalent to the product of the number of units eligible for IDCW and the gross amount of IDCW per unit declared on the record date. The NAV of the Unitholders in the Growth option will remain unaffected by the payment of IDCWs. NAM India, in consultation with the Trustees reserves the right to discontinue/ add more plans/ options at a later date subject to complying with the prevailing SEBI guidelines and Regulations. Process for declaration of IDCW in Unlisted Schemes/Plans 1. Quantum of IDCW and the record date shall be fixed by the trustees in their meeting. IDCW so decided shall be paid, subject to availability of distributable surplus. The IDCW amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. 2. Record date shall be the date which will be considered for the purpose of determining the eligibility of investors whose names appear on the register of unit holders for receiving IDCWs. Further, the NAV shall be adjusted to the extent of IDCW distribution and statutory levy, if any, at the close of business hours on record date. 3. Within one calendar day of the decision by the trustees, AMC shall issue notice to the public communicating the decision including the record date. 4. The record date shall be 2 working days from the date of publication in at least one English newspaper or in a newspaper published in the language of the region where the Head Office of the mutual fund is situated, whichever is issued earlier. 5. Before the issue of such notice, no communication indicating the probable date of IDCW declaration in any manner whatsoever may be issued by any mutual fund or distributors of its products. IDCWs as and when declared will be paid to eligible unitholders, within 7 working days from the record date. In the event of failure to initiate of IDCW payments within 7 working days from the record date, 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. Allotment (Detailed procedure) All the applicants whose subscription proceeds have been realised will receive full and firm allotment of Units, provided their applications are valid in all other respects. NAM India retains the discretion to reject any application, subject to applicable SEBI / AMFI guidelines, circulars. NAM India shall allot the units to the applicant whose Purchase or Switch application has been accepted and also send confirmation specifying the number of units allotted to the applicant by way of email and/or SMS’s to the applicant’s registered email address and/or mobile number as soon as possible but not later than five working days from the date of closure of the new fund offer period. Where units are held by investor in dematerialised form, the demat statement issued by the DP would be deemed adequate compliance with the requirements in respect of dispatch of statements of account. All Units will rank pari passu amongst Units within the same Scheme / Plan as to assets, earnings and the receipt of IDCW distribution, if any. 32Refund If any subscription/ switch 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 from the closure of NFO. 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 number and bank name, as specified in the application, 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. The bank and/ or collection charges, if any, will be borne by the applicant. All the refund payments will be sent by registered post or courier service or as required under The Regulations. Who can invest The following persons (subject, wherever relevant, to purchase of units being permitted This is an indicative list and investors under their respective constitutions and relevant State Regulations) are eligible to shall consult their financial advisor to subscribe to the units ascertain whether the scheme is 1. Resident adult individuals, either singly or jointly (not exceeding three) or on suitable to their risk profile anyone or survivor basis. 2. Minors* through parents / lawful guardian. 3. Hindu Undivided Family (“HUF”) in the name of HUF or Karta 4. Partnership firms. 5. Companies (including Public Sector Undertakings), bodies corporate, Cooperative societies, association of persons, body of individuals and public sector undertakings registered in India if authorized and permitted to invest under applicable Laws and regulations. 6. Banks (including co-operative banks and regional rural banks), financial institutions and investment institutions incorporated in India or the Indian branches of banks incorporated outside India. 7. Non-Resident Indians (NRIs) / Persons of Indian Origin (PIOs) residing abroad on repatriation basis and on non-repatriation basis. 8. Mutual Funds registered with SEBI. 9. FPIs (subject to regulations / directions prescribed by the RBI/SEBI from time to time relating to FPI investments in mutual fund schemes). 10. Charitable or religious trusts, wakf boards or endowments and registered societies (including registered cooperative societies) and private trusts authorized to invest in Units of mutual fund schemes under their trust deeds. 11. Army/Navy/Air Force / Para Military Units and other eligible institutions 12. Scientific and industrial research organizations. 13. Multilateral funding agencies or bodies corporate incorporated outside India with the permission of GOI / RBI. 14. Overseas financial organizations which have entered into an arrangement for investment in India, interalia with a mutual fund registered with SEBI and which arrangement is approved by GOI. 15. Provident / pension / gratuity / superannuation and such other retirement and employee benefit and other similar funds as and when permitted to invest. 16. Special Purpose Vehicles (SPVs) approved by appropriate authority (subject to RBI approval) 17. Unincorporated body of persons as may be accepted by Nippon Life India Trustee Limited 18. Trustee, AMC or Sponsor or their associates may subscribe to Units under the Schemes 19. 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. 20. Insurers, insurance companies / corporations registered with the Insurance Regulatory Development Authority. 3321. Apart from the above, all other categories of Investors permitted at present and in future are eligible to invest in the Scheme. * Process for Investments made in the name of a Minor through a Guardian: • Payment for investment by means of Cheque 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 existing folios, in case the pay-out bank mandate is not held solely by minor or jointly by minor and guardian, the investors are requested to provide a change of Pay-out Bank mandate request before providing redemption request. • In Partial modification, SEBI through its clause 17.6.1 of its Master circular dated June 27, 2024 mandated the following change: Payment for 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 the parent or legal guardian. • Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC / FATCA details, updated bank account details including cancelled original cheque leaf of the new account and his/her specimen signature duly authenticated by banker/guardian. Investors shall additionally note that, upon the minor attaining the status of major, no further transactions shall be allowed till the status of the minor is changed to major. • 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. 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 copy 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. 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. 4. 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. 5. 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. 6. 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. 34No 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 Documents to inform themselves of and to observe, all applicable laws and Regulations of such relevant jurisdiction. 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. 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. In terms of Clause 6.9 of the Master Circular dated June 27, 2024 and sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations,1996, NAM India is required to invest such amount in such scheme(s) of the mutual fund, based on the risk associated with the scheme. Further, NAM India shall not charge any fees on its investment in the Scheme (s), unless allowed to do so under SEBI Regulations in the future. 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 AMC / Trustee / Mutual Fund will not be responsible if such investment is ultravires the relevant constitution. 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. 35The 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. 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 under 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. Who cannot invest 1. Any individual who is a Foreign National, except for Non –Resident Indians and 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). 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. 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 (and other 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. 36The 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. Restrictions, if any, on the right to freely Right to Limit Redemption 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 clause 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 course 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 subject to 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 Cut off timing for subscriptions/ As per Clause 8.4.6.2 of SEBI Master Circular dated June 27, 2024, in respect of redemptions/ switches This is the time purchase of units of mutual fund schemes (except liquid and overnight schemes), before which your application (complete closing NAV of the day shall be applicable on which the funds are available for in all respects) should reach the official utilization irrespective of the size and time of receipt of such application subject to cut- points of acceptance. off timing provisions. Considering the above, cut-off timings with respect to Subscriptions/Purchases including switch – ins shall be as follows: 1. Purchases / subscriptions (including Switch-in) in the scheme of any amount In respect of valid application received before up to 3.00 p.m. and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the scheme and are available for utilization before the cut-off time of 3.00 p.m., the closing NAV of the day shall be applicable; In respect of valid application received after 3.00 p.m. and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the scheme either on the same day or before the cut-off time on the next business day i.e. available for utilization before the cut-off time of the next business day, the closing NAV of the next business day shall be applicable; Irrespective of the time of receipt of application, where funds for entire amount are credited to the bank account of the scheme before the cut-off time on any subsequent business day i.e. available for utilization before the cut-off time on any subsequent business day - the closing NAV of such subsequent business day shall be applicable subject to applicability of cut-off timing for application. 2. For switch-in in the scheme of any amount: The following shall be ensured for determining the applicability of NAV: 37a. Application for switch-in is received before the applicable cut-off time of 3.00 p.m b. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in schemes before the cut-off time; c. The funds are available for utilization before the cut-off time, by the respective switch-in schemes d. In case of Switch transactions from one scheme (Switch-out scheme) to other scheme (Switch-in scheme), NAV applicability shall be in line with redemption pay-outs of switch-out scheme. NIMF / NAM India shall reserve the right to change / modify any of the terms with respect to processing of transaction in line with directives specified by Securities & Exchange of Board of India and/or AMFI from time to time. Redemptions including switch - outs In respect of valid applications received upto 3.00 p.m. by the Mutual Fund, closing NAV of the day of receipt of application, shall be applicable. In respect of valid applications received after 3.00 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable. Minimum amount for Minimum Application Amount purchase/redemption/switches Rs.1,000 and in multiples of Re.1 thereafter (mention the provisions for ETFs, as may be applicable, for direct Additional Purchase Amount subscription/redemption with AMC. Rs.1,000 and in multiples of Re.1 thereafter Minimum Redemption Amount Redemptions can be of minimum amount of Rs.100 or any number of units or account balance, whichever is lower Note – For investments made by designated employees in terms of Clause 6.10 of SEBI Master circular dated June 27, 2024 read with SEBI Circular dated March 21, 2025, requirement for minimum application/ redemption amount will not be applicable 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. Switch-out facility from applicable ETF schemes to Nippon India Nifty India Manufacturing Index Fund 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). b. Switch transaction will be processed subject to availability of all details as per regulatory guidelines. c. 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. d. In case of any rejection in Switch-in to the transferee Scheme, the amount will be paid to the investor as redemption proceeds. e. 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. However, in case there is no existing Folio, the investor has to provide the details and signatures of all holders for Folio creation in the open-ended (Non- ETF) Scheme. f. 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. NIMF/NAM India reserves the right to introduce, change, modify or withdraw any of the features available in this facility from time to time. Accounts Statements In accordance with Clause 14.4 of SEBI Master Circular dated June 27, 2024 the investor whose transaction has been accepted by the NAM India/NIMF shall receive a confirmation by way of email and/or SMS within 5 Business Days from the date of receipt of transaction request, same will be sent to the Unit holders registered e-mail address and/or mobile number. Thereafter, a Consolidated Account Statement (“CAS”) shall be issued in line with the following procedure: 1. 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. 2. 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) to investors that have opted for delivery via electronic mode 38(E-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 delivery via electronic mode (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. 3. Investors having MF investments and not having Demat account shall receive a Consolidated Account Statement from the MF Industry containing details of transactions across all Mutual Fund schemes by email / physical mode. 4. 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. The word ‘transaction’ shall include purchase, redemption, switch, Payout of IDCW Option, Reinvestment of IDCW Option, systematic investment plan, systematic withdrawal plan, and systematic transfer plan. CAS shall not be received by the Unit holders for the folio(s) wherein the PAN details are not updated. The Unit holders are therefore requested to ensure that the folio(s) are updated with their PAN. For Micro SIP and Sikkim based investors whose PAN details are not mandatorily required to be updated Account Statement will be dispatched by NAM India/NIMF for each calendar month on or before 10th of the immediately succeeding month. The Consolidated Account statement will be in accordance Clause 14.4.3 of SEBI Master Circular dated June 27, 2024. 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. In case of a specific request received from the Unit holders, NAM India / NIMF will provide the account statement to the investors within 5 Business Days from the receipt of such request. Investors are requested/encouraged to register/update their email id and mobile number of the primary holder with the AMC/RTA through our Designated Investor Service Centres (DISCs) in order to facilitate effective communication. Dividend/ IDCW The IDCW payments shall be initiated to the unitholders within 7 working days from the Record date, in compliance to the Clause 11.4 of SEBI Master Circular dated June 27, 2024 Redemption The redemption or repurchase proceeds shall be transferred to the unitholders within 3 working Days from the date of redemption or repurchase. However, in case of exceptional circumstances mentioned in para 14.1.3 of SEBI Master Circular dated June 27, 2024, redemption or repurchase proceeds will be transferred / dispatched to Unitholders within the time frame prescribed for such exceptional circumstances. Further, investors are requested to note that processing of Redemption or Repurchase transactions without PAN in respect of Non-PAN-Exempt folios has been restricted with effect from September 30, 2019. For all such Non-PAN-Exempt folios, investors are requested to update PAN by submitting suitable request along with PAN card copy at any of the Designated Investor Service Centre (“DISC”) of Nippon India Mutual Fund (NIMF) and then submit Redemption or new Systematic Withdrawal Plans (SWPs) requests. With respect to existing SWPs registered without PAN in Non-PAN-Exempt folios, the same shall be restricted with effect from October 16, 2019 till PAN is updated in the folio. Investors are also requested to note further that it is mandatory to complete the KYC requirements for all unit holders, including for all joint holders and the guardian in case of folio of a minor investor. 39Accordingly, completion of KYC requirements shall be mandatory and with effect from February 28, 2020, all financial transactions (including redemptions, switches etc.) will be processed only if the KYC requirements are completed. Unit holders are advised to use the applicable KYC Form for completing the KYC requirements and submit the form at the Designated Investor Service Centre (“DISC”) of Nippon India Mutual Fund or KFin Technologies Limited 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. Delay in payment of redemption / The Asset Management Company shall be liable to pay interest to the unitholders at repurchase proceeds/dividend such rate as may be specified by SEBI for the period of such delay (presently @ 15% per annum). No interest will be payable on any subscription money refunded within 5 working days. If the Fund refunds the amount after 5 working days, interest @ 15% p.a. will be paid to the applicant and borne by the AMC for the period from the day following the date of expiry of 5 working days until the actual date of the refund. The period of five working days for computation of interest payable for delay in refund of subscription amounts during on-going offer period shall be reckoned from the date of purchase transaction as per timestamp / applicable NAV, provided the application form / online transaction is received along with the payment and the funds have been realized. Where the subscription amount and the application / online transaction are received separately, the period of five working days for computation of interest payable for delay in refund of subscription amounts shall be reckoned from the later of the date of identifying the remitter details, based on the credit provided by the bank or receipt and time stamping of application / online transaction. It is clarified that the interest will be payable only in those cases where the credit pertains to a subscription in the scheme backed by a transaction request by the customer and such subscription is rejected by the AMC. 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 number and bank name, as specified in the application, 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. 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 Amount Fund in money market instruments and separate plan of liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds specifically for deployment of the unclaimed amounts only. 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. Disclosure w.r.t investment by minors 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 existing folios, in case the pay-out bank mandate is not held solely by minor or jointly by minor and guardian, the investors 40are requested to provide a change of Pay-out Bank mandate request before providing redemption request. • Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC / FATCA details, updated bank account details including cancelled original cheque leaf of the new account and his/her specimen signature duly authenticated by banker/guardian. Investors shall additionally note that, upon the minor attaining the status of major, no further transactions shall be allowed till the status of the minor is changed to major. Pursuant to Clause 17.6.1 of SEBI Master Circular dated June 27, 2023, 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. Timelines for deployment of funds for As per SEBI circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, New Fund Offer funds collected in new fund offer shall be deployed as per following manner: (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. 41III. 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: (i) 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, This is a list of securities where the Fund shall host a soft copy of half – yearly unaudited financial results on the website of the the corpus of the scheme is NIMF i.e. https://mf.nipponindiaim.com and that of AMFI https://www.amfiindia.com A notice currently invested. The market advertisement communicating the investors that the financial results shall be hosted on the value of these investments is website shall be published in one national English daily newspaper and in a newspaper in the also stated in portfolio language of the region 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 and AMFI site https://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. Please refer to the below link for Half Yearly disclosure of Scheme’s Portfolio: https://mf.nipponindiaim.com/investor-service/downloads/annual-half-yearly-reports https://www.amfiindia.com/investor-corner/online-center/portfoliodisclosure Monthly Disclosure of The fund shall disclose the scheme’s portfolio in the prescribed format as on the last day of the month Schemes’ Portfolio for all the Schemes of NIMF on or before the tenth day of the succeeding month or within such Statement timelines and manner as prescribed by SEBI from time to time on the NIMF Website i.e. https://mf.nipponindiaim.com and AMFI site https://www.amfiindia.com In case of unitholders whose e-mail addresses are registered, the Mutual Funds/ AMCs shall send via email both the monthly statement of scheme portfolio within 10 days from the close of each month 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. Please refer to the below link for Monthly Disclosure of Schemes Portfolio Statement 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. As 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. 42Please 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 Clause 5.16 of SEBI Master Circular dated June 27, 2024, the AMC shall disclose risk-o-meter of the Riskometer 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 on a monthly basis 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 a Tracking Error and Tracking 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. Any disclosure in terms of Consolidated Checklist on Standard Observations C. Transparency/NAV Disclosure (Details with reference to information given in Section I) a) The AMC will calculate and disclose the first NAV within 5 working days from the date of allotment. Subsequently, the NAV will be calculated and disclosed at the close of every Business Day and uploaded on the AMFI website https://www.amfiindia.com and Nippon India Mutual Fund website i.e. https://mf.nipponindiaim.com by 11.00 p.m. on the same business day. Further, AMC shall extend facility of sending latest available NAVs to unitholders through SMS, upon receiving a specific request in this regard. 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. b) 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). Investors 43may also call Customer Service Centre at 1860-266-0111 (charges applicable), and Investors outside India can call 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 site https://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 Regulation 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 D. Transaction charges and stamp duty 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 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. eTo b 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-services/customer-service/locate-a-branch 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 For details please visit: https://mf.nipponindiaim.com/investor-service/downloads/scheme-information-document 44