L&T Mutual Fund, recently launched L&T Short Term Debt Fund.
The fund, which opened for subscription on December 7, will close on December 21, 2011.
L&T Short Term Debt Fund has been bench marked against Crisil Short Term Bond Fund Index.
Mr. Ved Prakash Chaturvedi, Chief Executive, Capital Markets and Investment Management Group, L&T Finance Holdings, said, “Our sense is that the yield curve provides significant opportunity in the six months to one year period. We expect a moderation in interest rates over a period of time and this product will benefit investors. The fund is an appropriate fixed income product to benefit in the short term from the possible change in interest rate scenario in the coming quarters“
The L&T Short Term Debt Fund scheme would invest in debt and money market instruments with residual maturity up to 2 years, having low risk profile, while the average maturity of the scheme shall not exceed three years.
The fund would infuse funds in corporate deposits, commercial papers, government securities, money market & other debt and fixed income instruments having short-term maturity.
The L&T Short Term Debt fund expects to see interest rate tightening by the RBI soon, as a result of which attractive investment avenues may be available to investors in short-term debt instruments.
The fund, which opened for subscription on December 7, will close on December 21, 2011.
L&T Short Term Debt Fund has been bench marked against Crisil Short Term Bond Fund Index.
Mr. Ved Prakash Chaturvedi, Chief Executive, Capital Markets and Investment Management Group, L&T Finance Holdings, said, “Our sense is that the yield curve provides significant opportunity in the six months to one year period. We expect a moderation in interest rates over a period of time and this product will benefit investors. The fund is an appropriate fixed income product to benefit in the short term from the possible change in interest rate scenario in the coming quarters“
The L&T Short Term Debt Fund scheme would invest in debt and money market instruments with residual maturity up to 2 years, having low risk profile, while the average maturity of the scheme shall not exceed three years.
The fund would infuse funds in corporate deposits, commercial papers, government securities, money market & other debt and fixed income instruments having short-term maturity.
The L&T Short Term Debt fund expects to see interest rate tightening by the RBI soon, as a result of which attractive investment avenues may be available to investors in short-term debt instruments.
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