Pramerica Mutual Fund launches Short Term Income Fund

Pramerica Mutual Fund has launched a new fund as Pramerica Short Term Income Fund, an open ended income Fund. The investment objective is to generate regular returns with moderate level of risk by investing primarily into a portfolio of debt securities and money market instruments of short term maturity.

This Fund is a short-term investment option that provides the flexibility to counter a dynamic environment by actively managing its portfolio in line with the evolving interest rate scenario. The scheme will follow an active duration management strategy. (View -New Fund Offers open NOW)

Commenting on the launch of Pramerica Short Term Income Fund, Jajoo, said