Nippon India Mutual Fund Revises Subscription Limits for Small Cap Fund
Nippon India Mutual Fund has announced revised subscription limits for its Small Cap Fund, effective August 16, 2024. The changes include a shift in daily investment limits for new SIPs and STPs to Rs 50,000 per transaction or installment, and the introduction of a monthly overall limit of Rs 11,50,000 per PAN. These adjustments aim to manage inflows and ensure balanced fund growth.
The fund house has seen significant growth, with its AUM increasing by 28% in the last two quarters, reaching Rs 4.8 lakh crore by June 2024. This growth reflects the broader trend in the Indian mutual fund industry.
Notably, the Nippon India Growth Fund recently achieved a milestone, with its NAV surpassing Rs 4,000. This mid-cap scheme has consistently delivered strong returns, outperforming its benchmark across various time horizons. Over a 28.79-year period, it has provided an impressive 23.14% return on investment.
The fund’s performance has been particularly strong in recent years, with returns of 28.81% and 29.27% over three and five years, respectively. These figures highlight the fund’s ability to generate value for investors across different timeframes.
