Nippon India Mutual Fund launches Nippon India CRISIL IBX AAA Financial Services Jan 2028 Index Fund

NFO period: 15^th October - 21^st October, 2024

Highlights of the NFO:

• Scheme type - An open-ended Target Maturity Index Fund investing in constituents of CRISIL-IBX AAA Financial Services Index – Jan 2028. A Moderate Interest Rate Risk and Relatively Low Credit Risk.


• Investment objective - The investment objective of the scheme is to provide investment returns that are commensurate with the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Jan 2028 before expenses, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking income over Target Maturity Period An open-ended Target Maturity Index Fund tracking CRISIL-IBX AAA Financial Services Index – Jan 2028, subject to tracking errors. Investments in AAA Financial Services Sector Corporate Bonds.


• Minimum Application Amount - Rs. 1,000/- and in multiples of Re. 1/- thereafter.


• Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with IDCW Payout and IDCW Reinvestment).


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


• Benchmark - CRISIL-IBX AAA Financial Services Index – Jan 2028