Mumbai:
Union KBC Mutual Fund has filed an offer documents with SEBI to launch Union
KBC Liquid Fund and Union KBC Equity Fund.
Union KBC Liquid Fund - An open ended
liquid scheme with the investment objective to provide reasonable returns
commensurate with lower risk and high level of liquidity through a portfolio of
money market and debt securities. The scheme would allocate 100 per cent of
asset in money market and debt instruments with low to medium risk profile.
Union KBC Equity Fund - An open ended
equity scheme with the investment objective to achieve long-term capital
appreciation by investing substantially in a portfolio consisting of equity and
equity related securities. The scheme would allocate 75-100 per cent of asset
in equity & equity related instruments including equity linked derivatives
with medium to high risk profile. It would further invest upto 25 per cent of
asset in debt and money market instrument with low to medium risk profile.
The funds will be benchmarked against
Crisil Liquid Fund Index and BSE 100 Index respectively. Union KBC Liquid Fund
will be managed Devesh Thacker, Fund Manager - Fixed Income and Union KBC
Equity Fund will be managed by Ashish Ranawade, Chief Investment Officer.
