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DHFL Pramerica Mutual Fund has launched a new fund named as DHFL Pramerica Fixed Duration Fund - Series BJ, a close ended debt scheme. The tenure of the scheme is 1170 days from the date of allotment of the scheme. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue will be open for subscription from 11 January 2019 to 25 January 2019.

The objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme.

The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend payout facility, dividend transfer facility and dividend frequency-standard, quarterly.

The scheme shall invest 80-100% of assets in debt instruments including government securities and securitized debt excluding money market instrument with low to medium risk profile and invest upto 20% of asset in money market instruments with low risk profile. Includes securitized debt upto 50% of the net assets of the scheme.

Minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load: Not applicable

Exit load: Nil

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme is Kumaresh Ramakrishnan.

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