Draft Filed with SEBI: Nippon India Debt Savings Fund of Fund Details Unveiled

Nippon India Mutual Fund has recently filed a draft with SEBI for its latest offering—the Nippon India Debt Savings Fund of Fund. This open-ended scheme aims to provide stable returns while navigating market volatilities by investing in debt and arbitrage funds.

Key Details

• Category: Fund of Fund
• Type: Open-ended scheme investing in a mix of debt-oriented schemes, Debt ETFs/Index Funds, and arbitrage funds.
• Benchmark: 60% CRISIL Short Term Bond Index + 40% Nifty 50 Arbitrage Index.

Investment Objective

The scheme seeks long-term capital appreciation through a diversified portfolio of debt and arbitrage funds. It strategically adjusts allocations based on market conditions, aiming to balance risk and returns effectively.

Fund Manager and Expertise

The scheme will be managed by two seasoned professionals:

• Rohit Hashmukh Shah: Expertise in equity and derivatives.
• Sushil Hari Prasad Budhia: Extensive experience in debt markets.

Asset Allocation

The fund’s allocation strategy includes:

• Debt-oriented schemes: 50-65%.
• Arbitrage funds: 35-50%.
• Money market instruments: Up to 5%.

Special Features

• Plans and Options: Offers both Growth and Income Distribution (with payout and reinvestment options).
• Liquidity: Units available for purchase or redemption on all working days.
• No Exit Load: Ensures cost-efficient transactions for investors.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.