Indiabulls offers income fund invested in govt securities
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.