Nippon Life India Asset Management Limited announced the launch of Nippon India Multi Asset Fund.
It is an open-ended scheme investing in equity (domestic and international), debt and commodities.
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 new fund offer opens on August 7, 2020 and closes on August 21, 2020. The minimum investment required is Rs 5,000 and in multiples of Re 1 thereafter.
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.
