DHFL Pramerica MF offers new debt fund

DHFL Pramerica Mutual Fund on Monday launched DHFL Pramerica Dual Advantage Fund - Series 1.

Mar 07, 2017 05:03 IST India Infoline News Service

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
                          thereafter
   * 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. 

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