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* Taiwan is the 2nd Largest Country by Weight (14.7%) In MSCI EM Index After China, With India Being 4th (At 12.2%)

* Cathay Site is one of the largest Asset Management Companies in Taiwan With $42.8 Bn in AUM as Of September 2021

* Nippon India Taiwan Equity Fund Gives Investors an interesting Diversification Opportunity to invest in a New Market

* NIMF continues to give global access to Indian investors and bring global money to India by leveraging Nippon Life insurance global network

* Taiwanese Cos. Command More Than Half of World's Market Share in the Manufacturing Of Semiconductors/Integrated Circuits (IC)

Wednesday, 17 November 2021: Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), announces the launch of Nippon India Taiwan Equity Fund on November 22, 2021. The Fund will be India's first open ended equity scheme following Taiwan focused theme.

This fund shall be advised by Cathay SITE, the largest Asset Manager in Taiwan with $42.8 Bn in AUM. It is also the largest segregated account manager in the Taiwan Equity market for Taiwan public pensions.

As a backdrop, NIMF and Cathay has also signed a Letter of Intent (LOI) for an exclusive strategic collaboration for jointly/ severally developing, managing, advising, marketing and distributing each other’s investment products in India and Taiwan. This NFO is step towards same cause.

The primary investment objective of Nippon India Taiwan Equity Fund is to provide long term capital appreciation to investors by primarily investing in in equity securities listed on the Taiwan Stock Exchange. It will follow a Multi Cap investment strategy with portfolio comprising of growth and value stocks. The fund focus will be on new technology trends and will hold less than 10% investment in a single stock

The NFO will open for subscription on November 22, 2021 and will close on December 06, 2021. The Benchmark Index of the fund is Taiwan Capitalization Weighted Stock Index (TAIEX). The minimum investment required is Rs 500 and in multiples of Re 1 thereafter. The fund will be managed by Kinjal Desai (Dedicated Fund Manager for Overseas Investments).

This fund launch is NIMFs another step to provide geographical expansion / diversification strategy which is driven by the synergies of the parent Nippon Life Insurance.

Sundeep Sikka, ED and CEO, Nippon India Mutual Fund said, “The launch of Nippon India Taiwan Equity Fund with Cathay SITE is in line with our objective to become a global asset manager based out of India to provide international diversification to Indian investors leveraging Nippon Life Insurance’s global network. Launch of this fund is stepping stone to launch multiple products through this collaboration of Nippon Life Insurance Global network. Taiwan is the 2nd largest country by weight in MSCI EM index after China. We think it is an interesting opportunity for Indian investors.”

Andy Chang, President and CEO, Cathay SITE, said “We are excited about the launch of the first Taiwanese equity Fund in India. Cathay SITE has long been cultivating Taiwan market. It’s our honor to extend our experience in Taiwan equity investment to NIMF and to offer Indian investors the opportunities to ride a wave of the technology mega trend. I am sure this is one of the many new products collaborations we will be doing to get Indian money into Taiwan and launching Indian products in Taiwan.”

Taiwan presents an interesting opportunity for investors who wish to have global diversification beyond US markets.

Taiwan is considered to be one of the fastest growing emerging market and has 2nd Largest Weightage in MSCI EM Index.

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