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Wednesday, May 21, 2014

Union KBC Small And Midcap Fund Floats On

NFO period is from 20 May to 03 June 2014 

Union KBC Mutual Fund has launched a new fund named as Union KBC Small and Midcap Fund, an open ended equity scheme. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 20 May and will close on 03 June 2014. 

The investment objective of the scheme is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small and midsized companies. 

The scheme offers two options viz. growth and dividend option. Dividend option has dividend re-investment facility, dividend pay-out facility and dividend sweep facility. 

The scheme would allocate 80%-100% of assets in equity & equity related instruments predominantly of small and mid-sized stocks with high risk profile and invest upto 20% of assets in debt & money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Nil 

Exit load: 1% if units are redeemed / switched out within 1 year from the date of allotment. Nil thereafter. 

Benchmark Index for the scheme is S&P BSE Midcap Index. 

The fund manager of the scheme is Ashish Ranawade.
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