DHFL Pramerica Mutual Fund has launched the DHFL Pramerica Dual Advantage Fund-Series 1, a close ended income scheme. The NFO opens for subscription on March 06, 2017 and closes on March 16, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL MIP Blended Fund Index and its fund managers are Rakesh Suri and Alok Agarwal.
The investment objective of the scheme is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the Scheme and to generate capital appreciation by investing in equity and equity related instruments.