Nippon India MF introduces Fixed Horizon Fund - XLV - Series 3
Nippon India Mutual Fund (MF) has launched Nippon India Fixed Horizon Fund - XLV - Series 3, a Close Ended Scheme with relatively Low interest rate risk and Moderate Credit Risk. The NFO opens for subscription on March 20, 2023 and closes on March 23, 2023. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty Ultra Short Duration Debt Index and its fund manager is Anju Chhajer.
The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
