Union KBC Mutual Fund has filed a draft offer document with SEBI to launch its open ended Focused Equity Fund. The scheme aims to generate capital appreciation by investing in a portfolio of equity and equity linked securities.
The benchmark of the scheme is S&P BSE Sensex. The minimum application amount will be Rs 25,000. The scheme will charge an exit load of one percent if redeemed within one year from the date of allotment. No exit loads will be charged thereafter. The fund will be managed by Ashish Ranawade.
