Shinsei Mutual Fund has launched Shinsei Liquid Fund. It is an open ended liquid scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be opened for subscription from 30 June to 6 July 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 14 July 2009.
The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.
The Fund offers two plans viz. Retail and Institutional Plan. Each plan will have growth and dividend options.
Dividend option will offer reinvestment facility having frequencies of daily and weekly -every Monday.
The minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. The scheme will invest 80-100% in money market instruments with maturity of up to 91 days with low to medium risk profile.
It will invest up to 20% in debt securities with maturity of up to 91 days with low to medium risk profile.
The scheme will not charge any entry or exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.
The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.
The Fund offers two plans viz. Retail and Institutional Plan. Each plan will have growth and dividend options.
Dividend option will offer reinvestment facility having frequencies of daily and weekly -every Monday.
The minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. The scheme will invest 80-100% in money market instruments with maturity of up to 91 days with low to medium risk profile.
It will invest up to 20% in debt securities with maturity of up to 91 days with low to medium risk profile.
The scheme will not charge any entry or exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.
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