Union Gilt Fund – Union Mutual Fund files offer document with SEBI
Union Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme investing in government securities across maturity. A relatively high interest rate risk and relatively low credit risk.
The New Fund Offer price is Rs.10 per unit.
The objective of the scheme is to generate income through investment in a portfolio comprising of government securities of various maturities. However, there is no assurance that the Investment Objective of the Scheme will be achieved
The fund manager for this scheme is Mr. Parijat Agrawal
This product is suitable for investors who are seeking Credit risk free return over the medium to long term Investments in Government Securities across maturities
The scheme asset allocation will be Central and State Government securities, Treasury Bills and Cash Management Bills of Government of India (80-100%)
Call money market or alternative investment for call money market as may be provided by the Reserve Bank of India (currently Triparty Repo, Reverse Repo in Government Securities and Treasury Bills)(0-20%)
The riskometer for this scheme is Moderate
Also Read: ITI Conservative Debt Hybrid Savings Fund
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