Indiabulls Mutual Fund has filed offer document with SEBI to launch Indiabulls Liquid Fund, an open ended liquid scheme. The New Fund Offer price is Rs 1000 per unit.
The key investment objective of the scheme will be to provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities with residual maturity of up to 91days.
However, there can be no assurance that the investment objective of the scheme will be achieved. Investment Options
The Scheme has the following Options across a common portfolio:
• Growth Option, suitable for investors who are not looking for current income but who invest only with the intention of capital appreciation.
• Dividend Option, suitable for investors seeking income through dividend declared by the Scheme. Under this Option, the Scheme will endeavour to declare dividends depending on the availability of distributable surplus from time to time.
Further the Dividend Option has the following Facilities:
Dividend Reinvestment Facility (available for daily, weekly, fortnightly and monthly frequency)
Dividend Pay-out Facility (available for fortnightly and monthly frequency)
In cases where the investor fails to opt for a particular Option at the time of investment, the default Option will be Growth. If the investor chooses Dividend Option and fails to mention facility / frequency then the default facility will be Reinvestment and the default frequency will be monthly.
If Dividend payable under Dividend Payout option is equal to or less than Rs. 500/- then the Dividend would be compulsorily reinvested in the option of the Scheme
Minimum Application Amount Amount is Rs. 5,000 and in multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount is Rs. 1,000 and in multiples of Re. 1/- thereafter
Minimum Redemption should be 1 unit or Rs. 1,000 and in the multiples of Re.1 thereafter.
Benchmark index is CRISIL Liquid Fund Index
The NAV of the Scheme shall be published at least in two daily newspapers on all Business Days & the same shall be updated on AMC’s website (www.indiabullsmf.com) as well as on the website of Association of Mutual Funds in India - ‘AMFI’ (www.amfiindia.com) before 9.00 p.m. every Business Day.
The AMC will disclose the portfolio of the Scheme within one month from the close of each half year (i.e. 31st March and 30th September. The portfolio statement will also be displayed on the website of the AMC and AMFI.
Loads: There will be no Entry Load as well as no exit load for this scheme.
Indiabulls Asset Management Company Limited (CIN- U65991DL2008PLC176627) Corporate Office- 11th Floor, Tower 1, Indiabulls Finance Centre,Prabhadevi (W), Mumbai- 13, T +91 22 6189 1300 F +91 6189 1320
Regd. Off .- M 62 & 63, Connaught Place, New Delhi- 01, T- +91 11 30252900, F. + 91 11 30252901
In the wake of Covid-19 pandemic threat, the government and municipal authorities have already ordered
private offices to implement social distancing measures (such as instructing their staff to work from home
and keeping their offices closed etc.) to avoid and discourage assembling of people in offices. Considering
the current situation, it is imperative for ALL offices to ensure that not only their employees, but also
their customers and visitors follow the social-distancing measures and are dissuaded from travelling &
visiting the offices by providing alternative solutions. Under the circumstances, as a social-distancing
measure to ensure safety of investors, distributors, visitors and the employees of the Indiabulls Mutual
Funds & Kfin Technologies Pvt. Ltd (RTA) the collection centres / branch offices (“official points of
acceptance”) of Indiabulls Mutual Fund shall remain closed with effect from Monday 23rd March 2020 and allow
only online transactions through various electronic modes.
Investors may transact through https://online.indiabullsamc.com; https://www.mfuonline.com/?Entity=20000B Or Saral
and Saral Partner (Mobile App) till the situation comes under control and until social distancing advisory
is withdrawn by the authorities. The investors and distributors are requested to bear with us and to use the
digital / electronic modes for their mutual fund transactions
Please avoid travelling except for medical reasons or emergencies till the situation becomes normal and stay
healthy. Read More