Nippon India Fixed Horizon Fund - XLV - Series 3 NFO: Everything you need to know

Nippon India Mutual Fund is launching NFO under its “debt fund category”, named as Nippon India Fixed Horizon Fund – XLV – Series 3 Fund. This close-ended fund aims to generate returns by limiting interest rate volatility by investment in debt, money market and G-Sec instruments maturing on or before the date of maturity of the scheme.

Investment strategy: The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance for management of the fixed income portfolios. 

Asset allocation: The Scheme will invest in Securitised Debt which may be upto 40% of the debt portfolio of the scheme. The maximum debt derivative position will be restricted to 50% of the debt portfolio of the scheme with relatively low interest rate risk and relatively moderate credit risk.

Who should invest?

Investors with moderate risk appetite and want to invest in target maturity fund by allocating their funds in debt and money market instruments should invest in the fund.

Risk associated: Moderate level of risk.

Benchmark: Nifty Ultra Short Duration Debt Index.

Fund Managers: Ms. Anju Chhajer

The NFO is available for subscription from March 20 to March 23. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Nippon India Fixed Horizon Fund – XLV – Series 3 Fund.