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News Nippon India Mutual Fund launches Nippon India CRISIL IBX AAA Financial Services Dec 2026 Index Fund
Oct 15, 2024
Mutual Fund
Nippon India Mutual Fund launches Nippon India CRISIL IBX AAA Financial Services Dec 2026 Index Fund
NFO period: 15th October - 21st October, 2024
Highlights of the NFO:
- Scheme type - An open-ended Target Maturity Index Fund investing in constituents of CRISIL-IBX AAA Financial Services Index – Dec 2026. A Moderate Interest Rate Risk and Relatively Low Credit Risk.
- Investment objective - The investment objective of the scheme is to provide investment returns that are commensurate with the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Dec 2026 before expenses, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking income over Target Maturity Period An open-ended Target Maturity Index Fund tracking CRISIL-IBX AAA Financial Services Index – Dec 2026, subject to tracking errors. Investments in AAA Financial Services Sector Corporate Bonds.
- Minimum Application Amount - Rs. 1,000/- and in multiples of Re. 1/- thereafter.
- Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with IDCW Payout and IDCW Reinvestment).
- Fund Managers - Mr. Vivek Sharma and Mr. Siddharth Deb
- Benchmark - CRISIL-IBX AAA Financial Services Index – Dec 2026
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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