DHFL Pramerica MF introduces Fixed Duration Fund-Series BJ

DHFL Pramerica Mutual Fund (MF) launched the DHFL Pramerica Fixed Duration Fund-Series BJ, a close ended debt scheme. The NFO opens for subscription on January 11, 2019 and closes for January 25, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Kumaresh Ramakrishnan.

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.