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Indiabulls Mutual Fund launches Indiabulls Tax Savings Fund

Mutual Fund

by Advisorkhoj Team | Mutual Fund | 66 Downloaded

NFO period: 21st September – 20th December, 2017

Highlights of the NFO:

  • Scheme type – An open-ended Equity Linked Savings Scheme

  • Investment objective – The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

  • Product suitability – The product is suitable for investors who are seeking by investing objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. An ELSS scheme offering tax benefits under Section 80C of the Income Tax Act moderately high risk.

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

  • Sub-Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout & Sweep Facility).

  • Fund Managers – Mr. Sumit Bhatnagar (For Domestic Equity Segment) and Mr Malay Shah (For Debt Segment)

  • Benchmark – S&P BSE 500 Index

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

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