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New Fund Offer: NIMF announces launch of India’s first Taiwanese Equity Fund; check details
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Nippon India Mutual Fund (NIMF) today announced the launch of Nippon India Taiwan Equity Fund on November 22, 2021. This will be India’s first open-ended equity scheme following a Taiwan-focused theme, NIMF said in a statement.
Nippon India Taiwan Equity Fund will be advised by Cathay SITE, which is the largest Asset Manager in Taiwan with $42.8 Bn in AUM. It is also the largest segregated account manager in the Taiwan Equity market for Taiwan public pensions.
NIMF and Cathay has also signed a Letter of Intent (LOI) for an exclusive strategic collaboration for jointly/severally developing, managing, advising, marketing, and distributing each other’s investment products in India and Taiwan. This NFO is a step towards the same.
According to the
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