Nippon Life India Asset Management Limited, a prominent player in the asset management sector, has recently updated its investors on various fund offerings. The firm continues to provide a range of investment options targeting different securities with varying levels of interest rate and credit risk.
Among the key offerings is the Nippon India Corporate Bond Fund, an open-ended debt scheme that predominantly invests in AA+ and above rated corporate bonds. This fund is characterised by relatively high interest rate risk and moderate credit risk. Meanwhile, the Nippon India Medium to Long Term Fund is designed for medium-term investments, aiming for a Macaulay duration of the portfolio to fall between 4 to 7 years. This fund also involves high interest rate risk but offers relatively low credit risk.
For those interested in short-term investments, the Nippon India Short Term Fund provides an option with its targeted Macaulay duration of 1 to 3 years, maintaining high interest rate risk and moderate credit risk. Similarly, the Nippon India Ultra Short Term Fund seeks to appeal to investors seeking ultra-short-term exposure with a Macaulay duration ranging from 3 to 6 months.
The compa...