Union KBC Mutual Fund has unveiled a new fund named as Union KBC Tax Saver Scheme, an open ended Equity Linked Savings Scheme with lock in period of 3 Years. The New Fund Offer price is Rs 10 per unit. The new issue will open for subscription from 08 November and close on 9 December 2011.
Investment objective: To achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Options offered: The scheme offers growth and dividend option. The dividend option further offers re-investment and payout facility.
Benchmark: BSE 100 Index
Loads: Entry and Exit Load - NIL
Minimum Application Amount: Rs. 500 and in multiples of Rs. 500 thereafter.
Minimum Targeted Amount: Rs. 1 crore
Asset Allocation: The scheme would invest 80% to 100% in equity and equity related instruments with medium to high risk profile. On the flip side it would allocate upto 20% of assets in debt and money market instruments with low to medium risk profile.
Fund Manager: Mr. Ashish Ranawade
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'I made my money by selling too soon.'
Website: http://indianmutualfund.co.cc/
Blog:http://indianmutualfund.wordpress.com/
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