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Nippon India Mutual Fund (MF) has launched Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty G-Sec Oct 2028 Index. A Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on February 20, 2023 and closes on February 28, 2023. The Entry load and the 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 G-Sec Oct 2028 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 G-Sec Oct 2028 Index before expenses, subject to tracking errors.