Publish Date:
Nippon India Mutual Fund has launched a close ended debt scheme – Nippon India Fixed Horizon Fund-XLII-Series 7-1869 Days.
The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility -
However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
It is a Fixed Maturity Plan that will mature in 1869 days from the date of allotment.
Under normal circumstances the scheme will invest 90% to 100% of its assets in Government securities/ State Development Loans (SDLs) & Debt Instruments, whereas Upto 10% of its assets can be invested in Money Market instruments.
The NFO opens for subscription on November 04, 2020 and closes on November 09, 2020.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index.
The fund will be managed by Mr. Amit Tripathi.
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 during the NFO period.
The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout Facility).
The units of the scheme are proposed to be listed on the Bombay Stock Exchange Ltd and/or any other recognized Stock Exchange.