DHFL Pramerica Mutual Fund on Monday launched DHFL Pramerica Dual Advantage Fund - Series 1.
The fund will be closed-end debt scheme and will close for subscription on Mar 16.
The fund will invest 65-95% of the total corpus in debt and debt related instruments.
Up to 10% corpus will be invested in money market instruments and almost 5-25% will be invested in equity and equity-related instruments, including derivatives.
Features of the NFO are as below:
* Plans: Regular and direct
* Options: Growth and dividend
* Minimum application: 5,000 rupees and in multiples of 1 rupee
* Performance benchmark: CRISIL MIP Blended Fund Index
* Risk: Moderately high
* Exit Load: Nil
Rakesh Suri and Alok Agarwal will be the fund managers for the said NFO.