Publish Date:
Nippon India Mutual Fund has launched a Close-Ended Capital Protection Oriented Scheme - Nippon India Capital Protection Oriented Fund II - Plan A. It is rated ‘[ICRA]AAAmfs(SO)’ by ICRA Limited.
The investment objective of the scheme is to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective.
It is a Capital Protection Oriented Scheme that has a tenure of 1224 days from the date of allotment.
The NFO opens for subscription on March 12, 2020 and closes on March 20, 2020.
The scheme’s performance will be benchmarked against a mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 TRI Index.
The fund will be managed by Mr. Sanjay H. Parekh and Ms. Anju Chhajer.
The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme offers Direct Plan and Regular Plan having Growth Option and Dividend payout Option.