Nippon India MF introduces Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund
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Nippon India Mutual Fund (MF) has launched Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Plus G-Sec Jun 2028 70:30 Index with Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on November 07, 2022 and closes on November 18, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re. 1 thereafter.
The performance of the scheme would be benchmarked against Nifty SDL Plus G-Sec Jun 2028 70:30 Index and its fund managers are Vivek Sharma and Siddharth Deb.
The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Plus G-Sec Jun 2028 70:30 Index before expenses, subject to tracking errors.
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