Indiabulls Mutual Fund launches maiden Liquid Fund
CRISIL has assigned AAAmfs Credit Risk Rating for "Indiabulls Liquid Fund"**
"Indiabulls Liquid Fund" is an open-ended liquid scheme that seeks to provide a high level of liquidity with reasonable returns with low risk through a portfolio of money market and debt securities with residual maturity of up to 91days. The Scheme re-opens within 5 business days from the date of allotment.
| Key Features of the Scheme | |
| Nature of The Scheme | An open ended liquid scheme |
| Benchmark Index | Crisil Liquid Fund Index |
| Load Structure | Entry Load: Not Applicable, Exit Load: Nil |
| Options | Growth & Dividend |
| Sub Options | Daily Dividend (Reinvestment) |
| Weekly Dividend (Reinvestment) | |
| Fortnightly (Reinvestment & Payout) | |
| Monthly (Reinvestment & Payout) | |
| Offer Price | Rs 1,000 per unit |
| Minimum Application Amount | Rs. 5,000 and in multiples of Re 1 thereafter |
| Minimum Additional Purchase Amount | Rs. 1,000 and in multiples of Re 1 thereafter |
| Minimum Redemption Amount | Rs 1,000 or 1 unit and in multiples of Re 1 thereafter |
"Indiabulls Liquid Fund" will invest prudently in Indian market with the help of experienced in-house research analysts’ team. Although opportunities flourish in numerous sectors, Indiabulls Mutual Funds will be entrenched to its vision of delivering superior investment performance and developing long-term relationships with our clients.
**"The assigned rating CRISIL AAAmfs is valid only for "Indiabulls Liquid Fund". The rating of CRISIL is not an opinion on the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments."
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