The open ended scheme opens for subscription on June 1
Mumbai: Pramerica Mutual Fund has launched an open ended debt
scheme called Pramerica Treasury Advantage Fund. The new fund offer will
be open from June 1, 2011 to June 2, 2011.
The investment objective of the scheme is to provide reasonable returns,
commensurate with moderate level of risk and high degree of liquidity, through
a portfolio constituted of money market and debt instruments. The scheme would allocate 65 to 100 per cent of asset in money market and debt
securities including government securities with low risk profile. It would
further allocate up to 35 per cent of assets in debt instruments including
government securities, corporate debt, and other debt instruments with low to
medium risk profile.
The minimum application amount will be
Rs 5,000 and the scheme will not charge any exit load. The scheme will be
managed by Mahendra Jajoo, Executive Director & CIO – Fixed Income. It
will be benchmarked against CRISIL Short Term Bond Fund Index.
