Standard Chartered MF has launched the All Seasons Bond Fund, which is basically a fund that will invest in the debt funds of the AMC. The other scheme-specific details are as follows:
IPO Period: August 9 to August 24
Plan A (Regular Plan) – For all types of investors – Minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
Plan B (Institutional Plan) – For corporates – Minimum application amount is Rs 1 crore and in multiples of Re 1 thereafter.
Entry Load – NIL for both Plan A and Plan B
Exit Load – NIL for Plan B but for Plan A investors if investments less than Rs 25 lakh are redeemed within 6 months then an exit load of 0.6 per cent will be levied.