Nippon Life India Mutual Fund has launched Nippon India Passive Flexicap FoF, an open-ended fund of fund investing in units of ETFs/index funds of Nippon India Mutual Fund.
The fund would invest across market caps. In a press release, the fund house said, “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.”
Saugata Chatterjee, Co-Chief Business Officer, Nippon India Mutual Fund said, “This fund would help investors participate in all parts of the markets by aggregating the market and industry wisdom at a low cost.”
The fund will be benchmarked with Nifty 500 TRI.
