Union KBC Mutual Fund has launched the NFO of Union KBC Asset Allocation Fund - Moderate Plan, an open ended balanced scheme.
The NFO opens for subscription on June 4, 2012 and closes on June 18, 2012. No entry load is applicable for the scheme. Exit load will be 0.50% if units are redeemed/switched out within 6 months from the date of allotment and nil, thereafter. No load shall be imposed for switching between options within a plan under the scheme. Exit load, however, will be applicable for switching between the plans of the scheme.
The minimum subscription amount is Rs. 5000 and in multiples of Rs.1 thereafter.
The scheme’s performance will be benchmarked against customised Benchmark Index and its fund manager is Ashish Ranawade.
The investment objective of the scheme is 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. However, there is no assurance that the investment objective of the Scheme will be achieved
Source: Accord Fintech
