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Nippon India MF introduces Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund
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Nippon India Mutual Fund (MF) has launched Nippon India Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Index with Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on March 22, 2022 and closes on March 23, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re. 1 thereafter.
The performance of the scheme will be benchmarked against Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Index and its fund managers are Vivek Sharma and Siddharth Deb.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Index before expenses, subject to tracking errors.
