The new fund offer
closes on June 14, 2011.
Mumbai:
Union KBC Mutual Fund has launched an open ended scheme, Union KBC Liquid Fund.
The investment objective of the scheme is 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 assets in money market and debt instruments with residual maturity up
91 days (including floating rate debt instruments, securitized
debt, mutual fund units of debt schemes)
with low to medium risk profile.
The
minimum application amount will be Rs 5,000 and the scheme will not charge any
entry or exit load. The scheme will be managed by Devesh Thacker, Fund Manager -
Fixed Income. It
will be benchmarked against CRISIL Liquid Fund Index.
