Nippon India Fixed Horizon Fund XLV - Series 3 - Regular Plan: Overview, Performance, Portfolio | Mutual Fund | Value Researchhttps://www.valueresearchonline.com/funds/43453/nippon-india-fixed-horizon-fund-xlv-series-3-regular-plan/Get the latest information and complete track record of 'Nippon India Fixed Horizon Fund XLV - Series 3 - Regular Plan' schemes, returns, latest NAV and ratings from independent mutual fund research house.
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Nippon India Fixed Horizon Fund XLV - Series 3 - Regular Plan
Suitability
"Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."
The scheme seeks to generate returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
Fund Manager
Name
Anju Chhajer since 20-Mar-2023
Education
Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
Experience
Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
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