Indiabulls Mutual Fund files offer document with Sebi to launch Indiabulls Liquid Fund, an open ended liquid scheme. The New Fund Offer price will be Rs 1000 per unit.
Investment objective: The investment objective of the scheme is to provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities with residual maturity of up to 91days.
Plans/Options offered: The scheme offers Growth and Dividend option. Payout and Reinvestment facilites are offered under dividend option.
Benchmark: The Benchmark indices for the scheme shall be CRISIL Liquid Fund Index.
Loads: Entry and exit load charge shall be nil for the scheme.
Minimum Application Amount: Minimum investment amount is Rs 5000/-and in multiples of Rs 1/- thereafter.
Minimum Target Amount: An amount of Rs 1 crore is targeted to be raised during the New Fund Offer Period.
Asset Allocation: The scheme shall invest upto 100% of assets in money market and debt instruments with residual maturity upto 91 days (including floating rate debt instruments, securitized debt, mutual fund units of debt scheme with low to medium risk profile.
Fund Manager: Mr. Raju Sharma is the fund manager of the scheme.
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