Bank of India Mutual Fund files offer document for Money Market Fund
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Bank of India Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme investing in money market instruments named ‘Bank of India Money Market Fund’. A Relatively Low-interest rate risk and moderate Credit Risk. The New Fund Offer price is Rs 10. Entry load and Exit load will be Nil. The Scheme offers growth and Income Distribution cum Capital Withdrawal (IDCW) options for investment.
The performance of the scheme is benchmarked by CRISIL Money Market A-1 Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate returns with reasonable liquidity to the unitholders by investing in money market instruments.
