Indiabulls Mutual Fund launches Indiabulls Overnight Fund

Mutual Fund
Jun 20, 2019 by Advisorkhoj Team | Mutual Fund | 4 Downloaded

NFO period: 20th June – 04th July, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in overnight securities

  • Investment objective – The scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. 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 short term savings an overnight fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity. 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. Malay Shah (Head Fixed Income)

  • Benchmark – CRISIL Overnight Index

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

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