Nippon India Flexicap Fund Garners Rs 2860 Crs in New Fund Offer

Nippon Life India Asset Management has announced completion of the new fund offer (NFO) of Nippon India FlexiCap Fund (NIF).

The scheme has collected Rs. 2,860 crores. The fund house reached to investors across 60% of total Indian cities during the NFO. Over 2.5 lakh investors opted to invest in the NFO through both digital & offline mode. Over 53,000 systematic investment plan (SIP) were initiated in this scheme in NFO period.

NIF is an open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The scheme is well positioned to increase allocation to Large Caps during times of uncertainty and at the same time benefit from growth potential of mid and small caps during market uptrends

Sundeep Sikka, ED and CEO, Nippon India Mutual Fund said, “This NFO reflects our strong distribution capabilities, sound digital infrastructure and trust in our brand”. Under our Investor First philosophy we continue leveraging our digital properties and more than 50% of our business comes through it, he added.