Nippon Life India Mutual Fund has launched Nippon India Multi Asset Fund (NIMAF).
NIMFA is an open-ended scheme that will invest across asset classes like equity, debt and commodities to provide benefits of growth, stability and diversification.
The fund will invest 50% of its assets in Indian equities, 20% in international equities, 15% in commodities and the remaining in debt & money market instruments.
The fund will be managed by Manish Gunwani, CIO - Equity Investments along with Ashutosh Bhargava, Fund Manager & Head Equity Research, Kinjal Desai, Fund Manager - Overseas; Amit Tripathi CIO - Fixed Income and Vikram Dhawan Head – Commodities.
In a press release, Saugata Chatterjee, Co- Chief Business Officer, Nippon India Mutual Fund said, “Asset Allocation is the key to long term wealth creation. Over the last decade we have seen divergent returns among asset classes and hence have different levels of risk. Nippon India Multi Asset Fund aims to provide a one-stop solution to investors looking to have a diversified and balanced portfolio. Our fund investment strategy consists of asset allocation beyond domestic equity & debt and covers international equities and commodities which are important asset classes for diversification and long-term wealth creation”
Manish Gunwani, CIO-Equities, added, “Investors tend to have a home-bias and invest mainly into domestic equities. We believe it is important for investors to have a foot in every major investible asset classs, including international equities and commodities, which could help them balance returns across cycles”
