myplexus

NFO Monitor

Fund Fact

Name of Funds:

Nippon India Innovation

Opening:

9th August 2023

Closing:

23rd August 2023

Minimum Investment:

Rs. 500 & in multiples of Re. 1 thereafter

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

1% if redeemed or switched out on or before 1 year from the date of allotment

Fund Stats

Objective:

The investment objective of Nippon India Innovation Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies seeking to benefit from innovation i.e companies that invest in l innovation, research and development, new product development or new platforms to enhance their business and gain share in their respective sectors

Benchmark:

NIFTY 500

Fund Manager:

Vinay Sharma, Kinjal Desai

Asset Allocation

80-100% Equity upto 20% Money Market

upto 20% Debt Nil Others

Comparable existing schemes

CICI Prudential Innovation Fund	1.59(1M)	14.78(3M)
Not Available	Not Available	Not Available

Fund Prognosis

Idea Distiller

Imagine buying into Twitter or Facebook when they listed. Innovation leads to differentiation leading to great profits.

Fund House AAUM:
Rs. 31585426.33 Lakhs (as on 30th June 2023)
Fund Manager:
Combined experience of above 19 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

It is a high risk-high returns strategy. Invest if you want to be in such aggressive deals but an interesting segment nevertheless.

We provide a range of tools and financial know-how that can help you make the most of your short-term and long-term investment goals.

Important Links

Fund

Snapshot

Company

Registered with AMFI AMFI Registration No: 2654 Initial Registration Date: 19th March 2003 Validity: 14th May 2025 to 23rd May 2028