Nippon India Multi-Asset Fund NFO collects Rs 720 crore

Nippon India Multi-Asset Fund allows investors to take exposure to four distinct asset classes – Domestic Equity, Foreign Equity, Commodities and Fixed Income.

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The NFO or new fund offer of Nippon India Multi-Asset Fund (NIMAF) has collected Rs 720 crore, making it one of the largest digital NFO, a press release from the fund house said.

Over 80,000 investors spread across 370 locations and 6,200 pin codes invested in the NFO through both digital and offline mode. Around 25,000 SIP applications received, reflecting long-term commitment of many investors and distributors for the product. Over 60% of the applications came digitally through various digital platforms of Nippon India Mutual Fund and its partners, said the fund house.

  • 11.98%Annualized Return for 3 month
  • >3 years Suggested Investment Horizon
  • N.ATime taken to double money
NIMAF allows investors to take exposure to four distinct asset classes – Domestic Equity, Foreign Equity, Commodities and Fixed Income.

Saugata Chatterjee, Co-Chief Business Officer, Nippon India Mutual Fund, said, “We are pleased with the tremendous response from investors and partners across the length and breadth of the country who have displayed their conviction in the benefits of diversification through asset allocation offered by our new fund offering Nippon India Multi Asset Fund (NIMAF). This was our first open-ended actively-managed NFO after the brand change launched under Nippon India Mutual Fund. The overwhelming response strongly reflects our strong distribution capabilities, sound digital infrastructure and trust in newly established brand.”

“We saw a tremendous response from Family Offices and High Networth Individuals as well. The Fund had drawn the attention to the importance of investing across asset classes, particularly to foreign equities,as many investors, including HNIs, had negligible investments in assets like overseas equities and commodities. This NFO has also reaffirmed confidence reposed by Family Offices and HNIs in our newly established brand,” said Aashwin Dugal, Co-Chief Business Officer, Nippon India Mutual Fund.
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