Indiabulls Mutual Fund launches Indiabulls Overnight Fund

NFO period: 20^th June – 04^th July, 2019

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in overnight securities


• Investment objective – The scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme(s) does not assure or guarantee any returns.


• Product suitability – The product is suitable for investors who are seeking short term savings an overnight fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity. Low Risk.


• Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option. The Dividend option has the following facilities:


• Dividend Re-investment Facility (available for daily, weekly, fortnightly and monthly frequency)


• Dividend Pay-out Facility (available for weekly, fortnightly and monthly frequency)


• Dividend Sweep Facility (available for weekly, fortnightly and monthly frequency)


• Fund Managers – Mr. Malay Shah (Head Fixed Income)


• Benchmark – CRISIL Overnight Index