Indiabulls MF has filed an offer document with
SEBI for launching Blue Fund & Liquid Fund
Mumbai:
Indiabulls Mutual Fund has filed an offer documents with SEBI to launch
Indiabulls Blue Fund and Indiabulls Liquid Fund.
Indiabulls Blue Fund - An open ended equity scheme with the
investment objective to provide long-term capital appreciation from a portfolio
that is invested predominantly in equity and equity related securities of
blue-chip large-cap companies. The scheme would allocate 65-100 per cent of
asset in equity & equity related securities (large cap companies) and up to
35 per cent of asset in equity & equity related securities (other
companies) with high risk profile. It would further invest up to 35 per cent of
asset in debt and money market instrument with low to medium risk profile.
Indiabulls
Liquid Fund - An open ended liquid scheme with the
investment objective to provide reasonable returns commensurate with low risk 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.
The funds
will be benchmarked against S&P CNX Nifty Index and Crisil Liquid Fund
Index respectively. Indiabulls Blue Fund will be jointly managed by Aviral
Gupta and Amarjeet Singh. Indiabulls
Liquid Fund will be managed by Raju Sharma.
