Nippon India Tightens SIP Rules for Top Small-Cap Fund

  • Nippon India Mutual Fund, managing India's largest small-cap mutual fund scheme, restricts new SIP (Systematic Investment Plan) inflows.
  • The move aims to manage asset size and maintain investment focus.
  • Stricter eligibility criteria may be implemented for new SIPs.
  • Existing SIPs and lump sum investments are unaffected.
  • This decision comes amid concerns about managing a rapidly growing fund and ensuring optimal investment strategy for small-cap companies.
  • Nippon India assures investors of its commitment to long-term wealth creation.

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