Nippon India Mutual Fund is introducing a new investment option called the Nippon India Active Momentum Fund. This fund is open to everyone and helps people try to grow their money over a long time by investing in stocks.
The fund will start accepting investments on February 10 and will close on February 24. After that, people can keep buying and selling shares starting March 6.
This new fund uses a smart formula to find good opportunities for making money. It pays attention to both market trends (like how stock prices are moving) and experts’ opinions (how companies are doing financially).
To join the fund, you need to invest at least Rs 500, and after that, you can invest in small amounts of just Re 1. The fund will compare its performance to the Nifty 500 Total Return Index, which tracks a lot of different stocks in India.
The goal of this fund is to balance making the most money possible while keeping risks low. Saugata Chatterjee, Chief Business Officer at Nippon India Mutual Fund, explained that this fund helps investors avoid big losses by being smart about when to invest more or less.
The fund will check and adjust its investments each month to keep up with changes in the market. This means it will try to make the most profit while keeping risks under control.
In short, Nippon India Active Momentum Fund is designed to be an exciting investment option for those who want to grow their money while keeping risks in check!
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