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Last Updated : May 21, 2011 01:42 PM IST | Source: Moneycontrol.com

Union KBC MF launches its maiden Equity Fund

Union KBC Mutual Fund has announced the launched of its maiden fund as Union KBC Equity Fund, an open ended equity scheme aims to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.


Union KBC Mutual Fund has launched its maiden fund as Union KBC Equity Fund, an open ended equity scheme. The investment objective of the fund is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.


The New Fund Offer (NFO) is open for subscription from May 20, and closes on June 3, 2011. The scheme re-opens on June 17, 2011. The New Fund Offer price for the scheme is Rs 10 per unit.  (View - New Fund Offers open NOW)


The fund offers growth and dividend option. Dividend option offers reinvestment, payout and sweep facility.


The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.


 


Entry load - nil.  Exit load - 1% if redeemed or switched out on or before completion of 1 year from the date of allotments of units. The exit load nil if redeemed or switched out after completion of 1 year from the date of allotments of units.

The fund will invest 75-100 per cent in equity and equity related instruments and 0
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First Published on May 21, 2011 01:04 pm
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