High taxpayers can choose Nippon India Nivesh Lakshaya for their VPF allocation

Salaried investors in the highest tax bracket looking for an alternative to Voluntary Provident Fund could consider Nippon India Mutual Fund’s Lakhshya Nivesh Fund. The scheme, which invests in long-term government securities, may not be suited for investors with a short-term view as there could be intermittent losses, said investment advisors. The fund bets on government bonds with a maturity of 25-30 years and follows a rolldown strategy,