Nippon India Small Cap Fund revises subscription limits

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

The fund currently has an investment limit of Rs 50,000 per day per PAN for new Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP) registration. This monetary limit will now apply per transaction or instalment basis. Additionally, a monthly overall limit of Rs 11,50,000 per PAN across all frequencies has been implemented.

There is no impact on existing SIPs or STPs registered before the effective date.