Indiabulls Mutual Fund, launches its third duration product, Indiabulls Short Term Fund, an Open ended debt Scheme. The new fund offer (NFO) will open for subscription on 22nd August, 2013 and close on 5th September 2013.
Indiabulls Mutual Fund, launches its third duration product, Indiabulls Short Term Fund, an Open ended debt Scheme.
The new fund offer (NFO) will open for subscription on 22nd August, 2013 and close on 5th September’ 2013. The fund will have regular investment options like Growth and Dividend, with a minimum subscription of Rs. 5,000.
Indiabulls MF launched has so far launched two duration funds, namely, Indiabulls Income Fund and Indiabulls Gilt Fund.
Mr. Sanjay Chandel, CEO of Indiabulls Mutual Fund said, “ The recent measures by RBI has impacted the bond yields across the board, with the short term interest rates have moved up sharply. We believe that these measures are short term in nature and in the foreseeable future they could be reversed. In the current scenario, the Short Term Funds appear to present an attractive investment option for investors with medium term horizon ”.
Scheme Details As Follows:
Name of the Scheme: Indiabulls Short Term Fund
Type of the Scheme: An Open-Ended Debt Scheme
New Fund Offer opens on: August 22, 2013
New Fund Offer closes on: September 05, 2013
Type of the Scheme: An Open-Ended Debt Scheme
New Fund Offer opens on: August 22, 2013
New Fund Offer closes on: September 05, 2013
This product is suitable for investors who are seeking* · Stable returns over short term while maintaining liquidity. · Through investment in debt & money market instruments. ·  Low Risk (Blue) |
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Risk is represented as:
(BLUE) investors understand that their principal will be at low risk. | (YELLOW) investors understand that their principal will be at medium risk | (BROWN) investors understand that their principal will be at high risk |
About Indiabulls Mutual Fund…
Indiabulls Mutual Fund is a SEBI registered Mutual Fund has been established as a Trust with Indiabulls Housing Finance Ltd as its Sponsor and Indiabulls Trustee Company Ltd as its Trustee.
Indiabulls Mutual Fund has shown an impressive business growth. The Fund presently has six schemes and operates from ten cities across the country, with an average AUM of Rs 3218.85 Cr during the April-June, 2013 quarter.
Indiabulls Housing Finance Limited (IBHFL) is one of India’s leading and fastest growing private sector financial services company providing Consumer Finance, Housing Finance, Commercial Loans, Asset Management and Advisory services. The company is focused on providing multiple financial services through an extensive network of consumer touch-points. IBHFL serves more than 500,000 customers across different financial products through its branch network, call centre & the internet. It also ranks among the top private sector financial services group in terms of net worth.
Disclaimer: “
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully ”.
For Further details please contact:
Nasreen Shaikh, Manager, Corporate Communications & PR – Indiabulls Group, Indiabulls House, Indiabulls Finance Centre, 15th floor, Elphinstone Road, Mumbai: 400 013 Tel : 022 - 61891530 / 9004327491 Mail: nasreen.s@indiabulls.com; mediaquery@indiabulls.com; Website: http://www.indiabullsmf.com |
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