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Indiabulls Liquid Fund NFO raised Rs. 1107 Cr in a single day


Indiabulls Mutual Fund, the latest 44th entrant to the industry, launched its maiden fund - Indiabulls Liquid Fund, an open ended liquid fund, on October 24, 2011 and the subscription closed on the same day as it was mandated. In a single day offering, it mobilized more than Rs.1107 Cr, the highest amount raised among each category in this calendar year.
The scheme re-opened for ongoing purchase and sale from October 28, 2011 at Net Asset Value (NAV) based prices. Indiabulls Liquid Fund is benchmarked against ‘Crisil LiquidFund Index’.
It has also filed offer documents with SEBI for Indiabulls Blue Fund, Indiabulls Ultra Short-term Fund and a Fixed Maturity Plan.