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Thursday, January 08, 2015

Union KBC Trigger Fund- Series 2 files offer document with Sebi

A close-ended equity scheme 

Union KBC Mutual Fund has filed offer document with Sebi to launch Union KBC Trigger Fund- Series 2, a close-ended equity scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of equity and equity related securities, predominantly constituted of Companies in S&P BSE 200 Index. 

Plans/ option(s): Growth option under both regular plan and direct plan. 

Duration / Maturity: The scheme will mature in any of the below mentioned scenarios, whichever occurs first: 

3 years from the date of allotment including the date of allotment; 

OR 

Whenever the NAV of the Direct Plan of the scheme crosses Rs 13/- per unit 
(Trigger/Trigger level) within the 3 year period, the fund manager will wind-up the scheme on the 10th business day and return the money to the investors of both the plans. However, the actual return of the respective plans under the scheme on maturity may be below or above the trigger level i.e. NAV of the Direct Plan of the scheme crossing Rs 13/- per unit depending on the equity market movements from the date of the NAV meeting the trigger level till the final date of the maturity during which the fund manager liquidates the entire portfolio. 

Benchmark: S&P BSE 200 Index 

Loads: Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Rs 10 thereafter. 

Minimum Target Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 80-100% in equity and equity related instruments constituted of companies in S&P BSE 200 Index and up to 20% in debt, money market instruments, cash and equivalent. 

Fund Manager: Ashish Ranawade 
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