Further, more than 53,000 SIP (systematic investment plan) applications were received, reflecting long-term commitment of many investors and distributors for the product.
The scheme — Nippon India Flexi Cap Fund — is an open-ended dynamic equity scheme investing across large-cap, mid-cap, small-cap stocks that allow investors to participate in opportunities across market caps.
The company said that the fund is well-positioned to increase allocation to large caps during times of uncertainty and at the same time benefit from the growth potential of mid and small caps curing market uptrends.
“We are truly humbled by the trust shown by more than 2.52 lakh investors who invested Rs 2,860 crore in the recently concluded NFO of Nippon India Flexi Cap Fund,” Sundeep Sikka, ED, and Chief Executive Officer, Nippon India Mutual Fund said.
“This is in addition to the trust of 15 lakh new investors that have joined Nippon India Mutual Fund in the last 15 months taking the investor count to 75 lakh unique investors,” he added.
According to him, the NFO reflects our strong distribution capabilities, sound digital infrastructure, and trust in the company’s brand.
