KBC Mutual Fund has launched the NFO of Union KBC Asset Allocation Fund -
Moderate Plan, an open ended balanced scheme.
NFO opens for subscription on June 4, 2012 and closes on June 18, 2012. No
entry load is applicable for the scheme. Exit load will be 0.50% if units are
redeemed/switched out within 6 months from the date of allotment and nil,
thereafter. No load shall be imposed for switching between options within a
plan under the scheme. Exit load, however, will be applicable for switching between
the plans of the scheme.
minimum subscription amount is Rs. 5000 and in multiples of Rs.1 thereafter.
performance will be benchmarked against customised Benchmark Index and its fund
manager is Ashish Ranawade.
investment objective of the scheme is to generate capital appreciation by
actively investing in a diversified portfolio of Equity and Equity Related
Instruments, Debt and Money Market Instruments and Gold Exchange Traded Funds.
However, there is no assurance that the investment objective of the Scheme will