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Nippon Life India Asset Management Limited (NAM India) has launched a new fund offer for Nippon India Taiwan Equity Fund. The fund is open for subscription between November 22, 2021, and December 06, 2021.

Read on to find out more about the NFO. 

Investment Objective

Nippon India Taiwan Equity Fund is an open-ended equity scheme following Taiwan focused theme.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Equity and Equity related Instruments listed on the recognized stock exchanges of Taiwan* 80% 100% Medium to High
Debt & Money Market Instruments^ 0%  20% Low to Medium

*The fund will also invest in initial and follow-on public offerings to be listed at recognized stock exchanges of Taiwan. 

^Money market instruments include Tri-Party Repo/Reverse Repo (including corporate bond Repo), commercial papers (Listed), commercial bills, treasury bills, Government securities issued by Central & State Government having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.

Fund Details

Scheme name Nippon India Taiwan Equity Fund  
Type of scheme An open-ended equity scheme following a Taiwan focused theme.
NFO Dates November 22, 2021 – December 06, 2021.
Fund Managers Ms. Kinjal Desai
Benchmark Taiwan Capitalization Weighted Stock Index (TAIEX)
Minimum Amount for Application during NFO Rs. 500/- & in multiples of Re. 1 thereafter
Minimum Additional Purchase Amount Rs.100/- & in multiples of Re. 1 thereafter
Minimum Redemption/Switch-Out Amount Redemption of Rs.100 or any number of units

Switch amount as per the minimum application amount in the respective scheme which may have been opted by the Investor. 

Load a) Entry Load: N.A

b) Exit Load: 

• 1% if redeemed or switched out on or before completion of 3 month from the date of allotment of units.

• Nil, thereafter

Plans Direct and Regular
Options Growth, Income Distribution cum capital withdrawal (IDCW)  – Payout Option, Reinvestment Option
Minimum SIP Amount Rs.1000/- with minimum 12 instalments.

Benchmark

Taiwan Capitalization Weighted Stock Index (TAIEX)

The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) measures the

performance of aggregate listed stocks on Taiwan Stock Exchange (TWSE).

Fund Managers

Ms. Kinjal Desai

Ms. Kinjal Desai has over 7 years of experience. From May 25, 2018 onwards, she has been the Fund Manager of Overseas Investment at NAM India. 

From December 2012 to May 24, 2018 she worked as the Associate Equity Investments at NAM India Assisting Lead Analyst in Equity Research, idea generation and sector Monitoring, and assisting Fund Managers in stock selection, and monitoring of overseas investments.

Other schemes managed by her are: 

  • Dedicated Fund Manager for Overseas Investments, 
  • Nippon India Japan Equity Fund, 
  • Nippon India US Equity Opportunities Fund, 
  • Nippon India ETF Hang Seng BeES, and  
  • Nippon India Multi Asset Fund
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Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.