Publish Date:
NJ Mutual Fund introduces – NJ Flexicap Fund
It is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
Accordingly, the investment objective of the Scheme is to generate long term capital appreciation by investing in equity and equity related instruments across market capitalizations. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Under normal circumstances, NJ Flexicap Fund will hold an allocation of 65% to 100% of its assets in NJ Flexicap Fund and 0% to 35% in Debt and money market instruments.
As per the Scheme Information Document, NJ Flexicap Fund will predominantly in equity and equity related instruments across market capitalizations. The scheme will select securities using a rule based active approach based on proprietary protocols. These protocols are derived based on analysis of various market, macroeconomic and fundamental factors such as allocation to equity stocks is decided on the basis of market and macroeconomic variables including equity market valuation, interest rates, G-sec yields and money supply.
NJ Flexicap Fund’s performance will be benchmarked against Nifty 500 TRI
The scheme will be managed by Mr Dhaval Patel
The NFO opens for subscription on August 15, 2023 and closes on August 29, 2023. The schemes will reopen for continuous sale and repurchase on within five Business days from the date of allotment.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 500/- and in multiples of Re. 1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.