Nippon India introduces Fixed Horizon Fund- XLIV- Series 1
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Nippon India Mutual Fund (MF) has launched Nippon India Fixed Horizon Fund- XLIV- Series 1, a close ended scheme with relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on September 14, 2022 and closes on September 19, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re. 1 thereafter.
The performance of the scheme will be benchmarked against Nifty Medium to Long Duration Debt Index and its fund manager is Amit Tripathi.
The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
