Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), has announced the launch of Nippon India Taiwan Equity Fund on November 22, 2021. The Fund will be India’s first open-ended equity scheme following a Taiwan-focused theme.
This fund will be advised by Cathay SITE, the largest Asset Manager in Taiwan with $42.8 billion in AUM. It is also the largest segregated account manager in the Taiwan Equity market for Taiwan public pensions, Nippon MF said.
The primary investment objective of Nippon India Taiwan Equity Fund is to provide long-term capital appreciation to investors by primarily investing in equity securities listed on the Taiwan Stock Exchange. It will follow a Multi Cap investment strategy with a portfolio comprising of growth and value stocks. The fund focus will be on new technology trends and will hold less than 10% investment in a single stock.