Union KBC Mutual Fund launched a new fund namely, Union KBC Dynamic Bond Fund, an open ended debt scheme.
The face value of the scheme is Rs. 10 per unit.
The investment objective of the scheme is to actively manage a portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and liquidity to the investors. The minimum application amount is Rs. 5000 and in multiples of Rs.1 thereafter. Exit load charge will be 0.50% if units redeemed or switched out within 3 months from the date of allotment and 0.25% if units redeemed or switched out after 3 months and up to 6 months from the date of allotment.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index and will be managed by Mr. Parijat Agrawal.
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