Nippon India Mutual Fund Collects Rs 720 Crs, Largest Collection During Pandemic

KOCHI:
Nippon Life India Asset Management Limited (NAM India), Asset manager of Nippon India Mutual Fund (NIMF), successfully completed the NFO of Nippon India Multi Asset Fund (NIMAF).

The Fund has collected Rs. 720 crores, making it one of the largest digital NFO. This 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 & offline mode. The support and trust of investors and distributors who invested in the new fund offer spread across 404 pin codes in Kerala, helped the overall collection of Rs. 720 crores across India.

Nippon India MF has around 10 touchpoints currently in Kerala
NIMAF, is a unique offering which allows investors to take exposure to four distinct asset classes – Domestic Equity, Foreign Equity, Commodities^ and Fixed Income making it a true-to-label multi asset fund.

“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 in 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”.