Mutual Fund news: Bandhan MF, Shriram MF file draft offer documents for new schemes. Details here

Bandhan Mutual Fund files offer document for Arudha Hybrid Long-Short Fund

The performance will be benchmarked against CRISIL Hybrid 85+15 Conservative Index. The minimum application amount is ₹10,00,000 and in multiples of ₹1 thereafter.

The investment objective of the scheme is to generate optimal returns by investing predominantly in equity and debt securities, including limited short exposure in equity and debt through derivatives.

Bandhan Mutual Fund files offer document for Arudha Equity Long-Short Fund

Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended equity investment strategy scheme named ‘Arudha Equity Long-Short Fund’.

The New Fund Offer price for units would be ₹10 each during the New Fund Offer Period. Entry load and Exit load will be nil. The Scheme offers Income Distribution cum capital withdrawal Option (IDCW) and Growth option only for investment and seeks to collect a Minimum Target Amount of ₹10 crore.

The performance will be benchmarked against NIFTY 500 TRI. The minimum application amount is ₹10,00,000 and in multiples of ₹1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives.

Shriram Mutual Fund files offer document for Money Market Fund

The New Fund Offer price for units would be ₹10 each during the New Fund Offer Period. Entry load and Exit load will be nil. The Scheme offers Growth option only for investment and seeks to collect a Minimum Target Amount of ₹20 crore.

The performance will be benchmarked against NIFTY Money Market Index A-I TRI. The minimum application amount is ₹1,000 and in multiples of ₹1 thereafter.

The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments with residual maturity up to 1 year.