|DHFL Mutual Fund has launched a new fund named as DHFL Pramerica Fixed Duration Fund - Series AC, a close ended debt scheme.
The New Fund Offer (NFO) price for the scheme is Rs 1,000 per unit. The new issue open Date is 20-Feb-2017 and close date 03-Mar-2017.
The objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Minimum Subscription Amount is Rs. 5,000/- and in multiples of Re.1/-
Benchmark of the scheme is CRISIL Composite Bond Fund Index and entry and exit load is nil
The scheme will invest 80-100% of its assets in Domestic Debt* instruments including government securities and securitized debt, excluding money market instrument and invest upto 20% in Money Market instruments
The fund managers of the scheme Mr. Rakesh Suri.