Nippon India Mutual Fund launches Nippon India Fixed Horizon Fund XLV Series 5

by News Team | Mutual Fund

NFO period: 29th March – 29th March, 2023

Highlights of the NFO:

  • Scheme type – A Close Ended Scheme. Relatively High interest rate risk and Relatively High Credit Risk

  • Investment objective – The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility - Central and State Government securities and other fixed income/ debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking returns and growth over the tenure of scheme limiting interest rate volatility by investment in debt, money market and G-Sec instruments maturing on or before the date of maturity of the scheme.

  • Minimum Application Amount – First investment is Rs. 5,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum capital withdrawal Plan – Payout Option.

  • Fund Managers – Anju Chhajer

  • Benchmark – CRISIL Medium Term Debt Index

  • Maturity – 1158 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)