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Nippon India Mutual Fund introduces FMP- XLVI Series 3
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Nippon India Mutual Fund (MF) has launched Nippon India Fixed Maturity Plan (FMP) - XLVI - Series 3, a Close Ended Scheme with Relatively Low interest rate risk and Relatively High Credit Risk. The NFO opens for subscription on February 29, 2024 and closes on March 05, 2024. The Entry load and Exit load is not applicable 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 CRISIL Short Term Bond Index and its fund manager is Anju Chhajer.
The investment objective of the scheme is 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.
