Publish Date:
Nippon India Mutual Fund has Introduced a new scheme – Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund.
It is an open-ended Target Maturity Index Fund investing in constituents of Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index. A relatively High interest rate risk and Relatively Low Credit Risk.
Accordingly, the investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Under normal circumstances, Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund will hold an allocation of 95% to 100% of its assets in AAA PSU Bonds representing the bonds portion of Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index and State Development Loans (SDLs) representing the SDL portion of Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index and 0% to 5% in Money Market instruments, cash & cash equivalents.
As per the Scheme Information Document, Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund Nippon India Nifty AAA PSU Bond Plus SDL – Sep 2026 Maturity 50:50 Index Fund is a passively managed Index Fund which will employ an investment approach designed to track the performance of Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index. The Scheme will follow Buy and Hold investment strategy in which existing bonds & SDLs will be held till maturity unless sold for meeting redemptions requirement.
During normal circumstances, the Scheme’s exposure to money market instruments will be in line with the asset allocation table. However, in case of maturity of Bonds/SDLs in the Scheme portfolio, the reinvestment will be in line with the index methodology.
Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund’s performance will be benchmarked against Nifty AAA PSU Bond Plus SDL Sep 2026 50:50 Index.
The scheme will be managed by Mr Vivek Sharma and Mr Sidharth Deb.
The NFO opens for subscription on October 11, 2022 and closes on October 21, 2022. The schemes will reopen for continuous sale and repurchase on November 03, 2022.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 1,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.