Nippon Life India Asset Administration (NAM India), asset supervisor of Nippon India Mutual Fund (NIMF), on Thursday introduced the launch of Nippon India Lively 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 Lively Momentum Fund brings a differentiated providing to the market by harnessing the alpha potential of momentum together with danger mitigation elements to cut back the volatility and enhance the funding expertise. This strategic mix makes an attempt to make sure that buyers are using high-quality momentum with decreased danger. As an asset supervisor it’s our fixed endeavour to offer buyers with differentiated product methods which might be thought-about by buyers as per their danger urge for food and funding objectives.”
The fund will try to profit from mix of market knowledge (value momentum/technical views) and (earnings revisions/elementary analysis) elements. Additional, the fund could make use of extra elements reminiscent of minimal volatility and beta which might doubtlessly assist in decreasing the portfolio danger throughout downtrends and higher upside seize throughout market uptrend, it stated in a press release.
