Union KBC MF has filed an offer document with SEBI for launching Tax
Saver Scheme
Mumbai:
Union KBC Mutual Fund has filed an offer document with SEBI to launch ELSS
scheme, Union KBC Tax Saver Scheme.
The
investment objective is to generate income
and long-term capital appreciation by investing substantially in a portfolio
consisting of equity and equity related securities. The scheme would allocate 80 to 100 per cent of assets
in equity & equity related instruments with
medium to high risk profile. It would further invest up to 20 per cent of
assets in debt and money market instruments with low to medium risk profile.
The fund
will be benchmarked against BSE 100. The scheme will not charge any entry or
exit load. The fund will be managed by
Ashish Ranawade.
