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Nippon MF launches passive Flexicap FoF
December 10, 2020
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To be benchmarked to Nifty 500 TRI; NFO closes on Dec 24; minimum investment ₹5,000
Nippon Life India Asset Management has launched Passive Flexicap Fund of Fund, an open-ended fund of funds (FoF) scheme that will invest in units of ETFs/Index Funds of Nippon India Mutual Fund.
The fund will be benchmarked to the Nifty 500 TRI. The new fund offering (NFO) will close on December 24. The minimum investment required is ₹5,000.
Different parts of the market ― large-cap, mid-cap and small-cap ― perform at various points in time. It is difficult to predict which part of the markets would outperform. Hence, staying invested across market-caps may help generate potentially better returns over the long run.