16 Jun 2019 | 7:16 PM

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COMPANYNEWS
Indiabulls Banking & PSU Debt Fund floats on
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Published on 04-24-2019
Indiabulls Mutual Fund has launched a new Open Ended Growth scheme named Indiabulls Banking & PSU Debt Fund with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Apr 25 to May 09 2019.


According to the offer document filed with SEBI the entry load is Nil and exit load is 0.25.


The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be Vikrant Mehta while the performance of the scheme will be benchmarked against CRISIL Banking and PSU Debt Index.


To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities consisting predominantly of securities issued by entities such as Banks Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).