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NIMF launches Nippon India Flexi Cap Fund



Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), on Tuesday announced the launch of Nippon India Flexi Cap Fund, an open-ended dynamic equity scheme aimed at capturing 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,” a company release said.

The New Fund Offer (NFO) opens on 26th July, 2021 and closes on 9th August 2021; and the fund will be benchmarked against NIFTY 500 TRI.  The minimum investment required is Rs 500 and in multiples of Re 1 thereafter.

The fund will attempt to create Alpha through bottom-up stock selection and appropriate allocation approach to identify opportunities in potentially high growth themes. Nippon India MF has of one of India’s largest and experienced equity research teams on the buy-side.

Nippon India Flexi Cap Fund seeks to capitalize the relative stability of large caps through reasonable allocations to established leaders along with optimal mix of the growth 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 due to technology or regulation, ‘back to normal’ or business normalization, new business models which thrive on disruption, China plus one or import substitution etc

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, said, “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.”

The fund will be managed by Manish Gunwani, CIO – Equity Investments along with Dhrumil Shah, Varun Goenka & Nikhil Rungta (Co-Fund Manager), Kinjal Desai, Fund Manager – Overseas.

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