Mutual Fund News : Nippon India Mutual Fund Reopens Lumpsum Investment in Nippon India Small Cap Fund

Publish Date:

Nippon India Mutual Fund has decided to withdraw/remove existing limits on subscription of units in Nippon India Small Cap Fund, with effect from April 03, 2020.

The fund house has reopened lumpsum subscriptions in Nippon Small Cap Fund after a gap of two years. Back in 2018, the fund house had put a limit on subscriptions of units with a view that the increasing size / corpus of the scheme may prove detrimental to existing unitholders of the scheme.

The fund will allow / accept fresh/ additional subscriptions/switch-ins for any amount subject to the minimum application amount as mentioned in the scheme information document and key information memorandum of the scheme.

All other provisions of the Scheme Information Document, Key Information Memorandum of the Scheme and Combined KIM shall remain unchanged.

Notably, two other small cap schemes which were shut for lumpsum investments, DSP Small Cap Fund and SBI Small Cap Fund too have decided to open the schemes again in the past week.

Prior to making investments, investor(s)/Unit Holder(s) are requested to carefully read the relevant addenda, reflecting in detail the consequent amendments to the Scheme Information Document and Key Information Memorandum (KIM) and Combined KIM of schemes of the Fund.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.