The new fund offer or NFO of the scheme is open for subscription and will close on August 29. The scheme will reopen within five business days from the date of allotment.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related instruments across market capitalizations.
The performance of the scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Dhaval Patel.
The minimum application amount for lumpsum investment will be Rs 500 and in multiples of Re 1 thereafter. The minimum installment for systematic investment plan (SIP), systematic withdrawal plan (SWP), and systematic transfer plan (STP) will be Rs 500 and in multiples of Re 1 thereafter with minimum six instalments.
The scheme will offer a regular plan and direct plan – with growth and IDCW options. The scheme will invest 65-100% in equity and equity-related instruments and 0-35% in debt and money markets.The scheme will select securities using a rule based active approach based on proprietary protocols. These protocols are derived based on analysis of various market, macroeconomic and fundamental factors.
The scheme is suitable for investors who are seeking long-term capital appreciation.
Should you invest? ETMutualFunds always ask investors to invest in an NFO only if it offers something unique – that is, some investment option that is not available in the market or adding something to the existing available option. NJ Flexi Cap Fund is not offering something unique or offering something extra. NJ Mutual Fund recently started offering schemes and it is still in the process of completing its bouquet of offerings. If you are interested in investing in flexi cap schemes, you can choose a scheme with a long performance record. You can also choose a scheme from our recommendation list: Best flexi cap schemes.
Flexi cap schemes are recommended to moderate investors who want to create wealth over a long period of time. These schemes invest across market capitalisations and sectors/themes. They offer a diversified portfolio with moderate risk. The category offered an average return of 16.39% in 10 years.
