MUTUAL FUNDS
Nippon India Mutual Fund files offers document for Nifty Financial Services 9 to 12 Months Debt Index Fund
Jun-20-2025
Nippon India Mutual Fund has filed offer document with SEBI to launch an open-ended target duration index fund named ‘Nippon India Nifty Financial Services 9 to 12 Months Debt Index Fund’. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Financial Services 9 to 12 Months Debt Index. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.

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 Nifty Financial Services 9 to 12 Months Debt Index before expenses, subject to tracking errors.

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