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News Updates

30

Jun
2011

Indiabulls Liquid Fund

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.

Investment objective
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

Transparency/NAV Disclosure
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.
Important update : Dear Investor, We request you to take note of revised NAV cut off time effective till further notice. For subscriptions in Liquid Fund and Overnight Fund: 12.30pm. For subscription in all other schemes: 1.00 pm. For redemptions across all schemes: 1.00 pm. No other change in terms & conditions.Please read all scheme documents carefully.