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Nippon India Mutual Fund files offers document for Nifty SDL plus G sec- Jun 2029 Maturity 70:30 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 Nifty SDL plus G sec- Jun 2029 Maturity 70:30 Index Fund ‘. The New Fund Offer price is Rs 10. 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 10 crore.
The performance of the scheme is benchmarked by Nifty SDL Plus G-Sec Jun 2029 70:30 Index. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.
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 2029 70:30 Index before expenses, subject to tracking errors.
