Nippon Life India Asset Management, asset manager of Nippon India open-end fund (NIMF) on Tuesday, declared the launch of Nippon India Flexi Cap Fund. It’s an open-ended dynamic equity scheme aimed at providing a one-stop solution to capture the chances across Market Caps, NAM India said during a statement.
Nippon India Flexi Cap Fund seeks to make long-term capital appreciation by investing during a diversified portfolio across large, mid, and little caps supported market view and relative attractiveness.
The New Fund Offer (NFO) will open on 26th July 2021 and shut on 9th August 2021. The fund is going to be benchmarked against NIFTY 500 TRI. The minimum savings is Rs 500 and in multiples of Re 1 thereafter.
Nippon India Flexi Cap Fund will plan to create Alpha through bottom-up stock selection and an appropriate allocation approach to spot opportunities in potentially high growth themes.
Nippon India Flexi Cap Fund seeks to maximize the relative stability of huge caps through reasonable allocations to established leaders alongside an optimal mixture of the expansion opportunities offered by the Mid & Small Cap segment.
Presently the fund will have a bias towards domestic recovery themes with investments across key areas like beneficiaries of consolidation thanks to technology or regulation, ‘back to normal’ or business standardization, new business models which thrive on disruption, China plus one or import substitution, etc.
Flexi Cap is one of the most important categories within the Equity space. The whole AUM under the newly formed Flexi-cap category stood at Rs 1.76 trillion# at the end of June. At the Nippon India Flexi Cap Fund, we aim to deliver returns by investing in the top opportunities across market caps.
Manish Gunwani, CIO – Equity Investments, NIMF said We believe the present market condition creates a chance for investment in Flexi Cap Funds. Flexi Cap plan can dynamically adjust to varied market scenarios and thus has the potential to outperform across market cycles.
Gunawan further said that the present macroeconomic conditions are favorable for the FlexiCap category because the global economy is predicted to grow faster than estimated, Capex Cycle learning with lower interest rates and liquidity support and earnings also are likely to enhance as growth momentum picks up.
The Nippon India Flexi Cap Fund is going to be managed by Manish Gunwani, CIO – Equity Investments alongside Dhrumil Shah, Varun Goenka, and Nikhil Rungta (Co-Fund Manager), Kinjal Desai, Fund Manager.