Nippon India MF introduces Fixed Horizon Fund-XLII-Series 5

03-Apr-2020 12:06 Hrs IST

Nippon India Mutual Fund (MF) has launched the Nippon India Fixed Horizon Fund-XLII-Series 5, a Close Ended Debt income Scheme. The NFO opens for subscription on April 03, 2020 and closes on April 08, 2020. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.The scheme’s performance will be benchmarked against its performance to Crisil Composite Bond Fund Index and its fund manager is Amit Tripathi.The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the 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.

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