Benchmark Mutual Fund launches ‘Benchmark S&P CNX 500 Fund

Benchmark Mutual Fund introduces a new fund offer ‘Benchmark S&P CNX 500 Fund’ which opens on 17th November, 2008 and closes on 15th December, 2008.The investment objective of Benchmark S&P CNX 500 Fund is to generate capital appreciation through equity investments by investing in securities which are constituents of S&P CNX 500 index in the same proportion as in the index. The fund will charge no front end load and no exit load if investment is held for three years for investments less than Rs. 2 crs.