| Nippon India Mutual Fund | |
| Scheme Name | Nippon India Fixed Horizon Fund – XLII – Series 5 |
| Objective of Scheme | The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility – Central and State Government securities and Other fixed income/ debt securities However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 03-Apr-2020 |
| New Fund Offer Closure Date | 08-Apr-2020 |
| Indicate Load Separately | Entry Load – NIL, Exit Load – NIL |
| Minimum Subscription Amount | Rs. 5,000 and in multiples of Re. 1 thereafter |
| For Further Details Please Visit Website | https://www.nipponindiamf.com |
NFO – New Fund Offer
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns.These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.
Mutual Funds Based on Structure
Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes are often listed for trade on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.
