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

NFO period: 20^th February - 28^th 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