Nippon India Mutual Fund launches Nippon India Fixed Horizon Fund XLV Series 2
NFO period: 16th March - 20th March, 2023
Highlights of the NFO:
Scheme type - A close ended scheme. Relatively Low interest rate risk and Moderate 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 investing 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.