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  • NFO News Union KBC launches Liquid Fund

    Union KBC launches Liquid Fund

    The new fund offer closes on June 14, 2011
    Team Cafemutual Jun 13, 2011

    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.

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