Mirae Asset Mutual Fund has launched the Mirae Asset Dynamic Bond Fund, an open ended income scheme. The NFO opens for subscription on March 03, 2017 and closes on March 17, 2017. Entry load will be nil and Exit load will be 0.50% if redeemed within 6 months (182 days) from the date of allotment and nil if redeemed after 6 months (182 days) from the date of allotment. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Mahendra Kumar Jajoo.
The investment objective of the scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments.