Indiabulls Mutual Fund launches Indiabulls Overnight Fund
20 Jun,
2019
By: Eastern Fin Research Team# Mutual Fund
NFO period: 20th June - 04th July, 2019
Highlights of the NFO:
Scheme type - An open ended debt scheme investing in overnight securities
Investment objective - The scheme aims 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. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme(s) does not assure or guarantee any returns.
Product suitability - The product is suitable for investors who are seeking short term savings an overnight fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity. Low Risk.
Minimum Application Amount - First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter
Plan/ Options available - Regular Plan and Direct Plan having Growth Option and Dividend Option. The Dividend option has the following facilities:
Dividend Re-investment Facility (available for daily, weekly, fortnightly and monthly frequency)
Dividend Pay-out Facility (available for weekly, fortnightly and monthly frequency)
Dividend Sweep Facility (available for weekly, fortnightly and monthly frequency)
Fund Managers - Mr. Malay Shah (Head Fixed Income)
Eastern Financiers, one of the first investment and financial consultant in Eastern
India have grown to become one of the largest investment consultants in the country.