Benchmark Mutual Fund has declared that Class A and Class B units of Benchmark Split Capital Fund-Balanced would be redeemed on 16 August 2008 on completion of maturity period of 3 years.
The AMC has also fixed 16 August 2008 as the record date for payment of redemption proceeds to unit holders. Benchmark Split Capital Fund-Balanced is a close ended balanced schemes launched in June 2005.
The investment objective of the scheme is to invest in equity and debt securities and pass on the collection proceeds to Class A and Class B Unit holders in accordance with the Priority of Distributions specified in the offer document. The Class A units would be provided a specific participation rate in the return of S&P CNX Nifty Index and will have priority over Class B units for distribution.
The AMC has also fixed 16 August 2008 as the record date for payment of redemption proceeds to unit holders. Benchmark Split Capital Fund-Balanced is a close ended balanced schemes launched in June 2005.
The investment objective of the scheme is to invest in equity and debt securities and pass on the collection proceeds to Class A and Class B Unit holders in accordance with the Priority of Distributions specified in the offer document. The Class A units would be provided a specific participation rate in the return of S&P CNX Nifty Index and will have priority over Class B units for distribution.
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