IIFL Mutual Fund launches IIFL Dynamic Bond Fund

IIFL Mutual Fund announces its new offering of an open-ended Income Scheme - IIFL  Dynamic Bond Fund with an objective to generate income and long term gains by investing in a range of debt and money market instruments of various maturities. The scheme will seek to flexibly manage its investment across the maturity spectrum with a view to optimize the risk return proposition for the investors.

The New Fund Offer opens on June 6, 2013 and closes on June 17, 2013

The asset allocation will be in Debt Market Instruments and/or Money Market Instruments to the extent of 100%.

Mr. Gopinath Natarajan, CEO, IIFL AMC, said, “With the current macroeconomic scenario giving more space to RBI for monetary easing measures, we are pleased to offer an investment opportunity to investors in the form of IIFL Dynamic Bond Fund. IIFL Dynamic Bond Fund will not only seek to provide opportunity to investors to benefit from current scenario of falling yields but also aim to optimize returns in the long term by flexibly allocating assets across category of instruments and maturities.”

There are three options offered under this scheme - Growth, Dividend and Bonus - and a special facility of Systematic Investment Plan (SIP).

There is no entry load, while an exit load of 0.50%  will be charged for exit on before 6 months from the date of allotment. The units of the scheme are available in the dematerialized mode also.

Mr. Rahul Aggarwal, aged 31 years, is a PGDM from IIM Calcutta, B.E. (Computer Science) and Certified FRM (Financial Risk Manager). He has over 8 years of experience including experience in capital markets, especially on fixed income, credit risk, trading and portfolio management. Prior to joining IIFL Mutual Fund, he was associated with L&T Mutual Fund.