MUTUAL FUNDS
DHFL Pramerica Mutual Fund files offer document for Fixed Duration Fund - Series BO to BX
Jan-09-2019

DHFL Pramerica Mutual Fund has filed offer document with SEBI to launch a close-ended debt fund named ‘DHFL Pramerica Fixed Duration Fund - Series BO to BX’. The New Fund Offer price is Rs 1000 per unit. Entry load and exit load will be nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme if tenure up to 6 months will be benchmarked by CRISIL Liquid Fund Index, if tenure more than 6 months and up to 12 months will be benchmarked by CRISIL Low Duration Debt Index; if tenure more than 12 months up to 36 months will be benchmarked by CRISIL Short Term Bond Fund Index; if tenure more than 36 months will be benchmarked by CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme.

  RELATED NEWS >>