Indiabulls MF launches new plan under Arbitrage Fund
11/12/2014 11:22
Indiabulls Mutual Fund has launched a new open ended equity scheme named “Indiabulls Arbitrage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 1 and will close on December 15. According to the offer document filed with SEBI, the entry load is nil and 0.5 per cent exit load charge will be applicable if redeemed/switched out within three months from the date of allotment otherwise exit load charge will be nil. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter and for Systematic Investment Plan (SIP) minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Sumit Bhatnagar and Malay Shah will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of equity and equity related securities, equity derivatives and debt & money market instruments. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities, 65 to 100 per cent of asset in equity derivatives and 0 to 35 per cent of asset in debt & money market instruments.
11/12/2014 11:22
Indiabulls Mutual Fund has launched a new open ended equity scheme named “Indiabulls Arbitrage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 1 and will close on December 15. According to the offer document filed with SEBI, the entry load is nil and 0.5 per cent exit load charge will be applicable if redeemed/switched out within three months from the date of allotment otherwise exit load charge will be nil. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter and for Systematic Investment Plan (SIP) minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Sumit Bhatnagar and Malay Shah will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of equity and equity related securities, equity derivatives and debt & money market instruments. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities, 65 to 100 per cent of asset in equity derivatives and 0 to 35 per cent of asset in debt & money market instruments.
