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Mumbai: Nippon Life India Asset Management Limited (NAM India) asset manager of Nippon India Mutual Fund (NIMF) announce a new fund offer (NFO) for Nippon India Nifty Auto ETF, India’s First Auto sector ETF. The NFO opens on January 5, 2022, and closes on January 14, 2022. The minimum investment amount required is Rs 1,000 and in multiples of Re 1 thereafter.