null is an Exchange Traded Fund which is benchmarked to IISL Nifty50 Shariah TR INR. null is managed by the Nippon Life India Asset Management Ltd with the fund managers being Mehul Dama. The null was launched on Mar 18, 2009 with no lock-in period. Since its inception, the fund has delivered 13.7% as a return on investment. The fund has delivered a 1-year return of 1.4%, a 3-year return of 19.1%, and a 5-year return of 10.7%.

As on 30 May, 2023 the NAV of the fund is Rs 407.82 and the AUM is Rs 15.69 crores. The fund charges an expense ratio of 0.96% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to IISL Nifty50 Shariah TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The null has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of null with another fund in a similar category. This way you can make a well-informed investment decision.