Nippon India MF Launches Flexi Cap Fund NFO
Nippon Life India Asset Management Limited (NAM India) has launched a new fund offer for Nippon India Flexi Cap Fund. The fund is open for subscription between July 26, 2021, and August 9, 2021.
Read on to find out more about the NFO.
Investment Objective
Nippon India Flexi Cap Fund is an open-ended dynamic equity scheme investing across large-cap, mid-cap, small-cap stocks.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity & Equity related instruments | 65% | 100% | Medium to High |
| Debt and Money Market Instruments | 0% | 35% | Low to Medium |
Fund Details
| Scheme name | Nippon India Flexi Cap Fund |
| Type of scheme | An open-ended dynamic equity scheme investing across large-cap, mid-cap, small-cap stocks |
| NFO Dates | July 26, 2021 – August 09, 2021 |
| Fund Managers | Mr. Manish Gunwani, Mr. Dhrumil Shah, Mr. Varun Goenka, Mr. Nikhil Rungta, Ms. Kinjal Desai |
| Benchmark | Nifty 500 Index TRI |
| Minimum Amount for Application during NFO | Rs.500 and in multiples of Re. 1 thereafter. |
| Minimum Additional Purchase Amount | Rs.100 and in multiples of Re. 1 after that |
| Minimum Redemption/Switch-Out Amount | Redemption of Rs. 100 or any number of units. |
| Load | a) Entry Load: N.A
b) Exit Load:
|
| Plans | Direct and Regular |
| Options |
|
| Minimum SIP Amount | Rs 1,000 for a minimum of 12 months |
Click here to invest in Nippon India Flexicap Fund NFO
Benchmark
Nifty 500 TRI (Total Return Index)
The Nifty 500 benchmark represents the top 500 companies based on full market capitalisation.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Mr. Manish Gunwani
Mr. Manish Gunwani has over 22 years of experience in Capital Markets. He has worked as CIO – NAM India Equity Investment since September 05, 2017.
He has worked with ICICI Prudential Asset Management Company Limited as Fund Manager-Equity, Vicisoft Technologies as Head-India operations and with Lehman Brothers as Sr. Analyst, amongst other companies.
Other funds managed by him are:
- Nippon India Balanced Advantage Fund
- Nippon India Capital Builder fund – IV series B
- Nippon India Growth Fund
- Nippon India Multi-Asset Fund
Mr. Dhrumil Shah
Mr. Dhrumil Shah has over 13 years of experience in equity research and investments. He has worked with Birla Sun Life Insurance as AVP Investments and with ASK Investment Managers as Portfolio Manager.
Other funds managed by him are:
- Nippon India Capital Builder Fund IV – Series B
- Nippon India Growth Fund
Mr. Varun Goenka
Mr. Varun Goenka holds over 20 years of experience in Equity Markets. He has worked as Co-Fund Manager & Research Analyst at NAM India since July 01, 2020.
In the past, he has worked with JM Financial Ltd./ JM Morgan Stanley Pvt Ltd. as AVP Equities, Anand Rathi Securities Pvt Ltd. as AVP Equities and Goenka Capital Markets Family Office as a Business Analyst.
Other funds managed by him are:
- Nippon India Capital Builder Fund IV–Series C
- Nippon India Capital Builder Fund IV–Series D
Mr. Nikhil Rungta
Mr. Nikhil Rungta has over 12 years of experience in Equity Markets. He has worked with NAM India as Co-Fund Manager & Research Analyst since July 01, 2020.
In the past, he has worked with Bajaj Allianz Life Insurance Company as Investment Manager and Research Head, Anand Rathi Shares & Stock Brokers Ltd. as Head – Banks & Financial Service and Standard Chartered Securities (India) Ltd.: Equity Research Analyst amongst other companies.
Other funds managed by him are:
- Nippon India Capital Builder Fund IV–Series C
- Nippon India Capital Builder Fund IV–Series D
Ms. Kinjal Desai
Ms. Kinjal Desai holds 7 years of experience. From May 25, 2018, she has worked as Fund Manager – Overseas Investment, NAM India. In the past, she worked as an Associate – Equity Investments at NAM India.
Other funds 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
- Nippon India Multi-AssetBusiness Fund
