Indiabulls Mutual Fund has launched an open ended debt scheme that invests in government securities.
The primary investment objective of the scheme, called the Indiabulls Income fund, is to generate a steady stream of income and/or medium to long term capital appreciation/gain through investment in fixed income securities.
The scheme will invest in a diversified set of fixed income securities and money market instruments for generating steady returns with a low-risk strategy.
"The central bank could cut interest rates by 50-75 basis points over the next one year. Investing in long tenure income funds could give you a capital appreciation," says Vishal Dhawan, Chief Financial Planner, Plan Ahead Wealth Advisors.
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