Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF) today announced the launch of Nippon India Flexi Cap Fund. It is an open-ended dynamic equity scheme looking at providing a one-stop solution to capture the opportunities across Market Caps, NAM India said in a statement.
Nippon India Flexi Cap Fund seeks to create long-term capital appreciation by investing in a diversified portfolio across large, mid, and small caps based on market view and relative attractiveness.
The New Fund Offer (NFO) will open on 26th July, 2021 and close on 9th August 2021. The fund will be benchmarked against NIFTY 500 TRI. The minimum investment required is Rs 500 and in multiples of Re 1 thereafter.
NAM India said that Nippon India Flexi Cap Fund will attempt to create Alpha through bottom-up stock selection and an appropriate allocation approach to identify opportunities in potentially high growth themes.
Nippon India Flexi Cap Fund seeks to capitalize on the relative stability of large caps through reasonable allocations to established leaders along with an optimal mix of the growth opportunities offered by the Mid & Small Cap segment.
