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News Nippon India Mutual Fund launches Nippon India Fixed Maturity Plan XLVI Series 4
Mar 5, 2024
Mutual Fund
Nippon India Mutual Fund launches Nippon India Fixed Maturity Plan XLVI Series 4
NFO period: 04th March ? 11th March, 2024
Highlights of the NFO:
- Scheme type ? A close ended scheme. Relatively Low interest rate risk and Relatively High Credit Risk
- Investment objective ? The 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 investing 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 ? Anju Chhajer
- Benchmark ? CRISIL Short Term Bond Index
- Maturity ? 366 days from the date of allotment
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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