MASTER MIND FINNASSET: Union KBC Fixed Maturity Plan – 374 Days - Series 5 Floats On

Monday, March 25, 2013

Union KBC Fixed Maturity Plan – 374 Days - Series 5 Floats On

NFO period is from 22 March to 25 March 2013

Union KBC Mutual Fund has launched a new fund named as Union KBC Fixed Maturity Plan – 374 Days - Series 5, a close ended income scheme. The duration of the scheme is 374 days from date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

The new issue will be open for subscription from 22 February and will close on 25 March 2013

Investment objective: The investment objective of the scheme is to seek to generate income / capital appreciation by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

Options offered: The scheme offers growth and dividend payout option.

Benchmark Index: CRISIL Short Term Bond Fund Index.

Load: Entry and exit load will be nil for the scheme. The units of the scheme are proposed to be listed on the National Stock Exchange or any other recognized stock exchange as may be approved by the Trustee.

Minimum Application Amount: Rs. 10,000 and in multiples of Rs. 1 thereafter.

Minimum Targeted Amount: The Mutual Fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO Period.

Asset Allocation: The scheme will invest upto 100% of assets in debt instruments and money market instruments with low to medium risk profile. Investment in securitized debt would be upto 25% of net assets of the scheme.

Fund Manager: The scheme will be managed by Devesh Thacker.

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