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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.

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 & 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: 

  • NIL: if up to 10% of the units are redeemed on or before 12 months from allotment of units.
  • 1%: if more than 10% of the units redeemed or switched out on or before 12 months from the date of allotment of units.
  • Nil: if more than 10% of the units are redeemed or switched out after 12 months from allotment of units.
Plans Direct and Regular
Options
  1. Growth 
  1. Income Distribution cum Capital Withdrawal Option / IDCW Option
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

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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.