New Delhi, Aug. 17 -- Nippon India Mutual Fund, on 17 August, announced a new fund offer suited for investing in the current volatile market environment. The Nippon India Income Plus Arbitrage Omni Fund of Fund (FoF) offers risk-adjusted returns, supported by lower volatility and enhanced tax efficiency. The NFO opened for subscription on 17 August 2026 and will close on 31 August 2026.

As per the media statement, the Nippon India Income Plus Arbitrage Omni Fund of Fund will invest almost the entire corpus (95% to 100%) in a combination of arbitrage mutual funds, active and passive debt mutual funds and an optional small proportion of a maximum 5% in debt and money market instruments.

The new fund offers a minimum of 35% in arbitrage fu...