Mirae Mutual Fund filed offer document with Sebi to launch Mirae Asset Call Money Fund. It's an open-ended liquid scheme. The investment objective of the scheme is seek to generate returns linked to short end rates like MIBOR, Call rates and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments. The scheme offers dividend, growth and bonus options. The scheme will invest 65%-100% in CBLO/reverse repo, debt instrument linked to short end rates such as MIBOR etc. and MIBOR linked instruments with daily put/call options. The scheme cans investment up to 35% in debt and money market instruments. The Scheme may invest up to 30% of net assets in securitized debt. The scheme shall not engage into stock lending.
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