The two schemes track the CRISIL-IBX indices, each with different expiration dates: January 2028 and December 2026.
Nippon India CRISIL – IBX AAA Financial Services – January 2028 Index Fund
This open index fund aims to reflect the performance of the CRISIL-IBX AAA Financial Services Index – January 2028.
The plan provides investors with the opportunity to take advantage of AAA-rated financial services securities, with a target maturity of January 2028. new fund offering (NFO) Subscription opens on October 15, 2024 and closes on October 21, 2024.
The minimum investment required is INR 1000, and additional investments are accepted in multiples of INR 1.
The fund’s objective is to provide returns that correspond to the index it tracks, although tracking errors may occur. However, there is no guarantee that the plan’s objective will be achieved.
Nippon India CRISIL – IBX AAA Financial Services – Index Fund December 2026
This scheme is similar to the January 2028 index fund, but aims for a shorter duration, tracking the AAA CRISIL-IBX Financial Services Index – December 2026. It also aims to provide investment returns that reflect the index, before of expenses, with no guarantee that the objective will be achieved. will be fulfilled in full due to possible tracking errors.
Investors can subscribe between October 15 and 21, 2024, with a minimum investment requirement of INR 1,000, and in multiples of INR 1 thereafter.
Both schemes align well with the needs of conservative debt investors looking to match their investment horizon with fund maturity dates.
First published: October 15, 2024 9:42 am IS
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