Union KBC Mutual Fund has launched an open ended debt scheme called Union KBC Dynamic Bond Fund.
The investment objective of the scheme is to actively manage a portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and liquidity to the investors.
The scheme opens for subscription on January 23 2012 and closes on 6 February 2012. There will be no exit load. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The scheme will be managed by Parijat Agrawal.
