Indiabulls Mutual Fund unveils Indiabulls Gilt fund

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    Indiabulls Mutual Fund unveils Indiabulls Gilt fund
    Indiabulls Mutual Fund unveils Indiabulss Gilt fund open ended fund.The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue will be open for subscription from 28 December and will close on 11 January 2013. The scheme re-opens on or before 25 January 2013.

    Investment Objective:

    The scheme seeks to generate income and capital appreciation by investing predominantly in sovereign securities
    issued by Central Government (including Treasury Bills) and/or by State Government, without any restriction on the
    maturity of the portfolio. 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.

    Options:

    The Scheme has the following Options across a common portfolio:

    Growth Option: This option is suitable for investors who are not looking for current income but who invest only with the intention of capital appreciation. However, there can be no assurance of the capital appreciation.

    Dividend Option: This option is suitable for investors seeking income through dividend declared by the Scheme. Under this Option, the Scheme will endeavor to declare dividends from time to time. The dividend shall be dependent on the availability of distributable surplus.

    Benchmark:

    The scheme would be benchmarked to CRISIL Gilt Index

    Minimum Application Amount :

    The minimum application amount is Rs. 5,000 and in multiples of Re. 1/- thereafter

    Liquidity:

    The Scheme offers Units for Subscription and Redemption at NAV based prices on all Business Days on an ongoing basis, commencing not later than 5 business days from the date of allotment. Under normal circumstances the AMC shall dispatch the Redemption proceeds within 10 Business Days from date of receipt of request from the Unit holder.

    GoodReturns.in

    Story first published: Saturday, December 29, 2012, 11:13 [IST]
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