Nippon India Mutual Fund launches Nippon India Innovation Fund
Aug 9, 2023 by News Team
NFO period: 09th August – 23rd August, 2023
Highlights of the NFO:
Scheme type – An open ended equity scheme investing in innovation theme
Investment objective – The investment objective of Nippon India Innovation Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities of companies adopting innovation theme.
Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Direct Plan and Regular Plan having Growth Plan and Income Distribution cum capital withdrawal Plan (with Payout Option of Income Distribution cum capital withdrawal Plan and Reinvestment Option of Income Distribution cum capital withdrawal Plan).
Fund Managers – Mr. Vinay Sharma and Ms. Kinjal Desai