Union KBC MF launches “Union KBC Capital Protection Oriented Fund - Series 6”
19/03/2015 11:45
Union KBC Mutual Fund has launched a new close ended capital protection oriented scheme named “Union KBC Capital Protection Oriented Fund - Series 6”, with maturity period of 1100 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 17 and will close on March 23. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Ashish Ranawade and Parijat Agrawal will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to seek capital protection on maturity will be met by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation will be met by investing in equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt and Money Market Instruments and 0 to 20 per cent of asset in Equity and Equity related Instruments.
19/03/2015 11:45
Union KBC Mutual Fund has launched a new close ended capital protection oriented scheme named “Union KBC Capital Protection Oriented Fund - Series 6”, with maturity period of 1100 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 17 and will close on March 23. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Ashish Ranawade and Parijat Agrawal will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to seek capital protection on maturity will be met by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation will be met by investing in equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt and Money Market Instruments and 0 to 20 per cent of asset in Equity and Equity related Instruments.
