The new fund offer opens & closes on October 24, 2011
Mumbai: Indiabulls Mutual Fund has launched an open ended liquid scheme, Indiabulls Liquid Fund. The investment objective is to provide a high level of liquidity with returns commensurate with low risk 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 Raju Sharma, Head - Fixed Income. It will be benchmarked against CRISIL Liquid Fund Index.
