Nippon India MF introduces Active Momentum Fund
Nippon India Mutual Fund has launched Nippon India Active Momentum Fund, an open-ended equity scheme following momentum theme. The NFO opens for subscription on February 10, 2025 and closes on February 24, 2025. The Entry Load is not applicable for the scheme. The Exit Load will be 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units and Nil - thereafter. Exit load if charged, by NIMF to the unit holders shall be credited to the scheme immediately net of Goods & Service Tax, if any. The minimum subscription amount is Rs 500 & in multiples of Re. 1 thereafter.
The performance of the Scheme will be benchmarked with NIFTY 500 TRI and its fund managers are Ashutosh Bhargava and Kinjal Desai.
The investment objective of the scheme is to achieve long-term capital appreciation for its investors. This objective will be pursued by strategically investing in a diversified portfolio of equity and equity-related instruments. The selection of these instruments will be based on a quantitative model meticulously designed to identify potential investment opportunities that exhibit the potential for significant capital appreciation over the specified investment horizon.
