Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), announces 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. 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.
Speaking on the launch, Saugata Chatterjee, Co-Chief Business Officer, Nippon India Mutual Fund said, “The launch of Nippon India Flexi Cap Fund adds to our wide range of investor-centric products and deepens our offerings for the investor community. Flexi Cap is one of the largest categories in the Equity space. The total AUM under the newly created Flexi-cap category stood at Rs 1.76 trillion # as of June-end. With Nippon India Flexi Cap Fund, we aim to deliver better returns by investing in best opportunities across market caps.”
Manish Gunwani, CIO – Equity Investments, Nippon India Mutual Fund, says, “We believe the current market condition creates an opportunity for investment in Flexi Cap Funds. A Flexi Cap strategy can dynamically adapt to varied market scenarios and thus has the potential to outperform across market cycles. The current macro-economic conditions are favorable for the FlexiCap category as the global economy is expected to grow faster than estimated, Capex Cycle picking up with lower interest rates and liquidity support and earnings are also likely to improve as growth momentum picks up.”