Daiwa Mutual Fund has launched Daiwa Government Securities Fund-Short Term Plan, an open-ended gilt fund.
The scheme seeks to generate income and capital appreciation by investing predominantly in sovereign securities issued by the central government (including treasury bills) and/or by state governments, with maximum average portfolio maturity of three years.
The new issue closes on 30th March. The minimum investment amount is Rs10,000.
I-Sec Si-bex Index is the benchmark index. Killol Pandya is the fund manager for the scheme.
Source: http://www.moneylife.in/article/daiwa-mutual-fund-floats-government-securities-fund-short-term-plan/15075.html
The scheme seeks to generate income and capital appreciation by investing predominantly in sovereign securities issued by the central government (including treasury bills) and/or by state governments, with maximum average portfolio maturity of three years.
The new issue closes on 30th March. The minimum investment amount is Rs10,000.
I-Sec Si-bex Index is the benchmark index. Killol Pandya is the fund manager for the scheme.
Source: http://www.moneylife.in/article/daiwa-mutual-fund-floats-government-securities-fund-short-term-plan/15075.html
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