Union
KBC Mutual Fund has filed an offer document with SEBI to launch its open ended
hybrid fund called Union KBC Asset Allocation Fund.
The
fund aims 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.
The
fund comes with two plans - Aggressive Plan, Conservative Plan. The minimum
application amount is Rs 5000 through lump sum and in multiples of Rs 1
thereafter. The fund will carry an exit load of 0.50% if units are
redeemed/switched out within 6 months from the date of allotment and nil
thereafter.
The
Aggressive Plan will be benchmarked against S&P CNX Nifty- 70%, CRISIL
Composite Bond Fund Index- 15% and CRISIL Gold Index- 15%. The Conservative
Plan will be benchmarked against S&P CNX Nifty- 15%, CRISIL Composite Bond
Fund Index 70%, and CRISIL Gold Index- 15%. The fund will be managed by Ashish
Ranawade and Parijat Agrawal.
Meta
tags: Ashish Ranawade and Parijat Agrawal, CRISIL Gold Index, CRISIL Composite
Bond Fund Index, S&P CNX Nifty, Union KBC Asset Allocation Fund
