Nippon India Mutual Fund has launched a new Closed Ended Growth scheme named "Nippon India Fixed Horizon Fund XLII - Series 6" with maturity period of 1127 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Apr 17 to Apr 22, 2020.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Amit Tripathi, while the performance of the scheme will be benchmarked against .

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.