Motilal Oswal To Launch Private Equity Fund, Nippon Nfo To Open On 26 | Motilal Oswal to launch private equity fund, Nippon’s NFO to open on 26

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Mumbai5 hours ago

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  • Nippon Mutual Fund offer to close on August 9
  • Flexicap scheme invests in all market caps

At present, companies are getting tremendous success in raising money from the market through IPO and NFO. Motilal Oswal Private Equity Fund is preparing to raise Rs 4,000 crore. Whereas the New Fund Offer (NFO) of Nippon India Mutual Fund will open on July 26.

Will raise money from domestic and global investors

Motilal Oswal Private Equity will raise this money from domestic and global investors. The company’s CEO Vishal Tulsian said that we aim to invest in mid-market companies in the financial services, consumer and pharma sectors. In this, 18 to 20% of the funds will be given by Motilal Oswal. The fund manager will raise 50% from domestic investors and the rest from global investors.

Money will be raised before the calendar year

Tulsiyan said that we plan to raise it before this calendar year. It will be mobilized within 6 to 9 months. Motilal Oswal Private Equity launched the first fund in 2007 and the second fund in 2013. The third fund it launched in 2018 was Rs 2,300 crore.

Nippon’s offer closes on 9th

On the other hand, the NFO of Nippon India Mutual Fund will open on July 26 and close on August 9. The company has named it as Flexicap Fund. The total asset under management (AUM) i.e. investment of investors in this category in the country is Rs 1.76 lakh crore. This category has recently been approved by SEBI.

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The scheme will invest in all market caps

It is an open ended dynamic equity scheme that works for investments in all market caps. Nippon India FlexiCap Fund will invest in large, mid and small cap three as the investment horizon increases over the long term. Its benchmark will be Nifty 500 TRI. A minimum investment of Rs 500 can be made in this.

Scheme will identify areas with high growth

The fund will use the process of bottom up stock selection to identify opportunities in high growth sectors. It will endeavor to provide additional return on investment through proper allocation. The company’s Chief Business Officer Saugata Chatterjee said that this flexicap fund will add to our range of investor centric products. Along with this, more products will be available for the investors.

We aim to invest in the best potential across all market caps. Currently, the fund will lean towards the domestic recovery theme.

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