Indiabulls Mutual Fund launches Indiabulls Banking & PSU Debt Fund

Mutual Fund
Apr 25, 2019 by Advisorkhoj Team | Mutual Fund | 4 Downloaded

NFO period: 25th April – 09th May, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

  • Investment objective – 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). However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme(s) does not assure or guarantee any returns.

  • Product suitability – The product is suitable for investors who are seeking income over short to medium term by investing in debt and money market instruments of various maturities, consisting predominantly of securities issued by Banks, Public Sector undertakings, Public Financial Institutions & Municipal Bonds. Moderately Low Risk.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option. The Dividend option has the following facilities:

    • Dividend Re-investment Facility (available for daily, weekly, fortnightly and monthly frequency)

    • Dividend Pay-out Facility (available for weekly, fortnightly and monthly frequency)

    • Dividend Sweep Facility (available for weekly, fortnightly and monthly frequency)

  • Fund Managers – Mr. Vikrant Mehta (Joint Head – Fixed Income)

  • Benchmark – CRISIL Banking and PSU Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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