Nippon Life India Asset Management- NAM India, the asset manager of Nippon India Mutual Fund (NIMF), has launched Nippon India Flexi Cap Fund. NAM India has said that it is an open-ended dynamic equity scheme. Will invest in companies of all market capitalisations. This new fund offer will open on July 26, 2021 and close on August 9, 2021. The fund will consider NIFTY 500 TRI as the benchmark. The minimum investment in this is Rs 500 and then in multiples of Rs 1. Will be able
Will invest in large, mid and small caps
According to its statement, Nippon India Flexi Cap Fund will make capital formation its goal over the long term. It will invest in large, mid and small caps. That is, the investment will be done considering the market view and the specialty of the shares. The fund house will follow a diversification strategy from the very beginning. The fund house has said that Nippon India will try to build alpha through flexi cap bottom-up stock selection strategy. It will identify opportunities and invest in themes with strong growth potential. Nippon India Flexi Cap Fund will make an investment decision keeping in mind the stability of large caps on one hand, while it will also invest in them keeping in view the growth potential of mid and small caps.
Why did Rakesh Jhunjhunwala sell this huge profit making stock? Know what is the secret behind this bet of Big Bull
Sectors benefiting from economic recovery will be kept under watch
According to the fund, it will currently keep an eye on the recovery in the domestic economy. It will have a special eye on the sectors which will benefit from the recovery. The fund house will pay special attention to investments in sectors where technology and regulation will strengthen. It will also focus on companies that have the potential to transform the industry due to new business models. Sugat Chatterjee, Co-Chief Business Officer, Nippon India Mutual Fund (NIMF) said that the launch of this new fund further adds to our investor-centric product offerings. The reach of our products among the investors has increased. This will definitely give more options to the investors.