Union KBC Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch Union KBC Equity Fund, an open ended equity schemes. The New Fund Offer price is Rs. 10 per unit.
Investment objective: To achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Options offered: The scheme offers growth and dividend option. The dividend option further offers re-investment, payout and sweep facility.
Benchmark: BSE100 Index
Loads: Entry Load - NIL
Exit Load - 1% if redeemed or switched out on or before completion of 1 year from the date of allotments of units.
And nil if redeemed or switched out after completion of 1 year from the date of allotments of units.
Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1 thereafter.
Minimum Targeted Amount: Rs. 1 crore
Asset Allocation: The scheme will invest upto 75% - 100% in equity and equity related instruments including equity linked derivatives and invest upto 25% in debt and money market securities.
Fund Manager: Mr. Ashish Ranawade
Source:http://www.indiainfoline.com/Markets/News/Union-KBC-Equity-Fund-file-offer-document-with-SEBI/3653136872
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