Benchmark Short Term Fund : NFO

by khalid on 11/07/2010 · 1 comment

Benchmark Mutual Fund is run by Benchmark AMC Pvt. Ltd. (BAMC) which is a SEBI registered Asset Management Company launched in June 2001. BAMC is the first and only asset management company in India with a primary focus on indexing and using quantitative techniques in creating innovative products. The company has launched a New Fund Offer (NFO) named as Benchmark Short Term Fund. This is an open ended income scheme. The investment objective of the scheme is to enhance returns with minimum risk by investing in a portfolio of money market and debt instruments while maintaining the safety and liquidity.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load too is nill.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Ms. Payal Kaipunjal is the Fund Manager of the plan.

Fund NameBenchmark Mutual Fund
Scheme Name Benchmark Short Term Fund
Scheme CategoryOpen Ended (Income)
NFO Launch Date29th Jun 2010
NFO Closure Date12th Jul 2010
NFO Price Rs 10 per unit.
Min. Subscription AmountRs 10000

For Further Details Please Visit Website : www.benchmarkfunds.com

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