Union KBC Mutual Fund has unveiled a new fund named as Union
KBC Tax Saver Scheme, an open ended Equity Linked Savings Scheme with lock in
period of 3 Years. The New Fund Offer price is Rs 10 per unit. The new issue
will open for subscription from 08 November and close on 9 December 2011.
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 and payout facility.
Benchmark: BSE 100 Index
Loads: Entry and Exit Load - NIL
Minimum Application Amount: Rs. 500 and in multiples of Rs.
500 thereafter.
Minimum Targeted Amount: Rs. 1 crore
Asset Allocation: The scheme would invest 80% to 100% in
equity and equity related instruments with medium to high risk profile. On the
flip side it would allocate upto 20% of assets in debt and money market
instruments with low to medium risk profile.
Fund Manager: Mr. Ashish Ranawade
Source: http://www.adityabirlamoney.com/news/514493/10/22,24/Mutual-Funds-Reports/Union-KBC-MF-Unveils-Equity-Linked-Savings-Scheme
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