DHFL Pramerica Mutual Fund has launched the DHFL Pramerica Fixed Duration Fund-Series AG, a close ended income scheme. The NFO opens for subscription on March 21, 2017 and closes on March 22, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Rakesh Suri.
The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of maturity of the scheme.