IndiaBulls Mutual Fund has launched its maiden fund - IndiaBulls Liquid Fund, an open ended liquid scheme.
The investment objective is to provide high liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of upto 91 days. The scheme would also invest in securitised debt which would not exceed 15% of the net assets of the scheme.
Mr. Raju Sharma will be the fund Manager. He has done B.Com, CA & LLB (General) . With over 20 years of experience in financial services industry, he has worked in several domains like fixed income fund management, investment banking, treasury and debt broking, etc. Recently, he worked with Tata AMC as Senior Fund Manager.
Indiabulls Mutual Fund is the 44rth entrant to Mutual Fund Industry. After receiving SEBI's approval in March 2011, they waited for more than 6 months to launch their first fund.
NFO Opens: October 24, 2011
NFO Closes: October 24, 2011
NFO Price: Rs.1000/-
Options: Growth and Dividend Option
Minimum Application Amount: Rs. 5000& in multiples of Re.1/- thereafter
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Fund Manager: Mr. Raju Sharma