Nippon India Multi Asset Fund has collected Rs.720 crore in its NFO. Nippon India MF claims that it is one of the biggest amounts raised through an NFO during the pandemic.
“Over 80,000 investors spread across 370 locations and 6200 pin codes invested in the NFO through both digital and offline mode. 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 NIMF and its partners,” the fund house said in a release.
Ashwin Dugal, Co-Chief Business Officer, Nippon India Mutual Fund said, “We have received tremendous response from HNIs. Since the fund house has exposure to international equity, many HNIs have invested in the fund to get exposure to overseas commodity and equity.”
Saugata Chatterjee, Co- Chief Business Officer, Nippon India MF said that over the last decade, investors have seen divergent returns across asset classes. The fund aims to address this concern and offers a diversified and balanced portfolio to investors.
