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Pramerica Mutual Fund launches liquid fund

Pramerica Asset Managers Private Limited on Tuesday launched Pramerica Liquid fund, its first product in India. This open-ended fund will be managed by Mahhendra Jajoo, Executive Director and Chief Investment Officer - Fixed Income, Pramerica Asset Managers.

The new fund offer (NFO) is priced at Rs10 a unit and there is no entry or exit load. The NFO opens for subscription on August 23, 2010 and closes on August 26, 2010. It will be reopened for sales and purchase on August 30, 2010. The fund will be benchmarked to the CRISIL Liquid Fund Index.