Nippon India Tightens SIP Rules for Top Small-Cap Fund

  • Nippon India Mutual Fund, managing India's largest small-cap mutual fund scheme, restricts new SIP (Systematic Investment Plan) inflows.
  • The move aims to manage asset size and maintain investment focus.
  • Stricter eligibility criteria may be implemented for new SIPs.
  • Existing SIPs and lump sum investments are unaffected.
  • This decision comes amid concerns about managing a rapidly growing fund and ensuring optimal investment strategy for small-cap companies.
  • Nippon India assures investors of its commitment to long-term wealth creation.

Comments

Popular posts from this blog

Sky High Surge: IndiGo Soars as India’s Air Passenger Traffic Climbs 8.4% in April

IndiGo Set to Make History: First to Soar from Navi Mumbai Airport with 18 Daily Flights!

RBI’s Record Dividend Bonanza: Government’s Coffers Swell by Rs 2.69 Lakh Crore for FY 2024-25