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Nippon India Mutual Fund (MF) has launched the Nippon India Fixed Horizon Fund (FHF)- XLIII- Series 5, a Close Ended Income Scheme with relatively high interest rate risk and Moderate Credit Risk. The NFO opens for subscription on February 25, 2022 and closes on February 28, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against Crisil Medium to Long Term Debt index and its fund manager is Amit Tripathi.

The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the 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.