Nippon India Mutual Fund launches Nippon India Nifty G Sec Oct 2028 Maturity Index Fund

NFO
Feb 20, 2023 by Advisorkhoj Team | NFO | 12 Downloaded

NFO period: 20th February – 28th February, 2023

Highlights of the NFO:

  • Scheme type – 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

  • Investment objective – 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. 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 income over long term by investing in Government Securities that seek to track the Nifty G-Sec Oct 2028 Index, subject to tracking errors.

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

  • Plan/ Options available – Regular Plan & Direct Plan having Growth Option, Payout of Income Distribution Cum Capital Withdrawal Option (IDCW-Payout) and Reinvestment of Income Distribution cum capital withdrawal Option (IDCW-Reinvestment).

  • Fund Managers – Mr. Vivek Sharma and Mr. Siddharth Deb

  • Benchmark – Nifty G-Sec Oct 2028 Index

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

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