Mirae Asset MF floats Dynamic bond fund

With asset allocation being an important aspect in financial planning keeping your investments diversified across various asset classes is key to creating wealth.

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

With asset allocation being an important aspect in financial planning keeping your investments diversified across various asset classes is key to creating wealth.
 
Lowering interest rates has led to investments in fixed income grow at an impressive pace.

Mirae Asset MF has floated a dynamic bond fund which will close for subscription by March 17.

Following are the details of the NFO :-

Name of the scheme: Mirae Asset Dynamic Bond Fund
  •    Launch Date: Mar 3
  •    Closing Date: Mar 17
  •    Category: Open-ended income scheme
  •    Asset Allocation: 100% in money market instruments and debt securities
  •    Risk: Moderate
  •    Performance benchmark: CRISIL Composite Bond Fund Index
  •    Plans: Regular and direct
  •    Options: Growth and dividend
  •    Minimum application: 5,000 rupees and in multiples of 1 rupee thereafter
  •    Exit Load: 0.50% if redeemed within 182 days from the date of allotment
Mahendra Kumar Jajoo will be the fund manager for the bond fund.

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