Nippon India Mutual Fund has announced a revision in subscription limits for its Nippon India Small Cap Fund, effective August 16, 2024.

The new limits aim to manage inflows and ensure a balanced growth of the fund.

Key changes

Daily limit adjustment: The investment limit for new Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) will shift from ₹50,000 per day per PAN to ₹50,000 per transaction or instalment basis.

Monthly overall limit: A new cap of ₹11,50,000 per PAN has been introduced for total investments across all frequencies within a month.

Impact on investors

Existing SIPs and STPs: Current SIPs and STPs registered before the effective date will not be affected by this change.

New investments: Investors looking to start new SIPs or STPs will need to adhere to the revised limits, which could influence their investment strategies and the timing of their contributions.

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