Nippon India Mutual Fund files offer document for CPSE Bond Plus SDL Index Fund
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Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended Target Maturity Index fund named ‘Nippon India CPSE Bond Plus SDL Index Fund’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty CPSE Bond Plus SDL Jun 2025 60:40 Index. The minimum application amount is Rs 1000 and multiples of Re 1 thereafter.
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 CPSE Bond Plus SDL Jun 2025 60:40 Index before expenses, subject to tracking errors.
