Fidelity Mutual Fund has launched the first liquid fund of funds of the country. Named as Fidelity MultiManager Cash Fund, it will build a portfolio by investing in other cash funds. The fund will be initially available for subscription from January 2, 2006 to January 4, 2006.
The fund will not charge any entry or exit load. It will invest 80-100 per cent of its assets in other cash funds, while there is also a provision to invest up to 20 per cent of the assets in money market instruments for liquidity management.
While evaluating a liquid fund for investment, the fund would consider its performance record for at least twelve months and its relative performance in its category. Further, the respective asset management company must have an yearly average total assets under all its liquid schemes of at least Rs. 500 crores or more. The fund would not invest more than 25 per cent of its assets in an underlying fund.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
