MUTUAL FUNDS
Indiabulls MF introduces Overnight Fund
Jun-20-2019

Indiabulls Mutual Fund (MF) has launched the Indiabulls Overnight Fund, an open ended debt scheme. The NFO opens for subscription on June 20, 2019 and closes on July 04, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Malay Shah.

The investment objective of the scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

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