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NFO Alert- 

“Nippon India AMC launches Nippon India Taiwan Equity Fund. The fund is open for subscription between November 22, 2021, and December 6, 2021

Read below for more details about the NFO!

Basic Details About The NFO…

  • Fund Name- Nippon India Taiwan Equity Fund.
  • Type- An open-ended equity scheme following a Taiwan-focused theme.
  • Subscription open date- 22nd November 2021
  • Subscription close date- 6th December 2021
  • Benchmark- Taiwan Capitalization Weighted Stock Index (TAIEX)
  • Minimum Amount for Application during NFO- Rs 500 and in multiples of Rs 1 after that.
  • Minimum Additional Purchase Amount- Rs 500 and in multiples of Rs 1 after that.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)

Investment Objective…….

The new NFO launched is an open-ended equity scheme following a Taiwan-focused theme.

The primary investment objective of this fund is to provide long-term capital appreciation to investors by primarily investing in equity and equity-related securities of companies listed on the recognized stock exchanges of Taiwan.

The secondary objective is to generate consistent returns by investing in debt and money market securities of India. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Exit Load Trends In The NFO……

The fund has no entry load, however, exit load is applicable on the switch or redeem of units after asset allocation.

  • 1% if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
  • Nil, thereafter.

Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation is Ms. Kinjal Desai. She has a total experience of 6 years as a Research Analyst – Equities at Nippon India Mutual Fund where she started her career as an Associate.

Who Should Invest In The NFO?

This product is suitable for investors who are seeking-

  • Long-term capital growth
  • Investment in equity and equity-related securities of companies listed on recognized stock exchanges of Taiwan

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions.

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).