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News Nippon India Mutual Fund launches Nippon India Fixed Horizon Fund XLIV Series 3
Nov 21, 2022
Mutual Fund
Nippon India Mutual Fund launches Nippon India Fixed Horizon Fund XLIV Series 3
NFO period: 21st November - 24th November, 2022
Highlights of the NFO:
- Scheme type - A close ended scheme. Relatively High interest rate risk and moderate Credit Risk
- Investment objective - 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 - Central and State Government securities and Other fixed income/ debt securities however, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability - The product is suitable for investors who are seeking returns and growth over the tenure of scheme limiting interest rate volatility by investment in debt, money market and G-Sec instruments maturing on or before the date of maturity of the scheme.
- Minimum Application Amount - First investment is Rs. 5,000/- and multiples of Rs. 1/- thereafter
- Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum capital withdrawal Plan - Payout Option.
- Fund Managers - Mr. Amit Tripathi and Anju Chhajer
- Benchmark - CRISIL Medium Term Debt Index
- Benchmark - 1312 days from the date of allotment
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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