Nippon Life India Asset Administration (NAM India), asset supervisor of Nippon India Mutual Fund (NIMF), on Thursday introduced the launch of Nippon India Energetic Momentum Fund — an open-ended fairness scheme that goals to generate long-term capital appreciation by investing in a diversified portfolio of fairness and equity-related devices.
The NFO will open on February 10 and shut on February 24. The minimal funding quantity is ₹500 and in multiples of ₹1 thereafter. The benchmark of the Fund is Nifty 500 TRI.
Saugata Chatterjee, Chief Enterprise Officer, Nippon India Mutual Fund, stated, “The Nippon India Energetic Momentum Fund brings a differentiated providing to the market by harnessing the alpha potential of momentum together with danger mitigation components to scale back the volatility and enhance the funding expertise. This strategic mix makes an attempt to make sure that buyers are driving high-quality momentum with diminished danger. As an asset supervisor it’s our fixed endeavour to supply buyers with differentiated product methods which could be thought-about by buyers as per their danger urge for food and funding targets.”
The fund will try to profit from mix of market knowledge (worth momentum/technical views) and (earnings revisions/basic analysis) components. Additional, the fund might make use of further components reminiscent of minimal volatility and beta which may doubtlessly assist in lowering the portfolio danger throughout downtrends and higher upside seize throughout market uptrend, it stated in a press release.
