ABN Amro Mutual Fund has collected Rs 200 crores through ABN Amro Interval Fund Series 2-Quarterly Plan N during its new fund offer period i.e. 2 July 2008.ABN Amro Interval Fund Series 2- Quarterly Plan N is a debt-oriented fund. The scheme offers investors growth option and dividend option under both the plans. Dividend option offers dividend payout and dividend reinvestment facilities.
The scheme aims to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.
The corpus of the scheme will be primarily invested in any debt instrument, which is rated as investment grade by any rating agency like CRISIL, ICRA, and FITCH and money market instruments of matching duration with its respective plan aiming to reduce interest rate risk of the plan.
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