Mahindra Mutual Fund has launched the Mahindra Mutual Fund Alp Samay Bachat Yojana, an open ended income scheme. The NFO opens for subscription on February 14, 2017 and closes on February 15, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund manager is Rahul Pal.
The investment objective of the scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.