Indiabulls Mutual Fund has launched a new fund named as Indiabulls Equity Hybrid Fund, an open ended hybrid scheme investing predominantly in equity and equity related instruments. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 22 November to 06 December 2018.

The investment objective of the scheme seek to generate periodic return and long term capital appreciation from a judicious mix of equity and debt instruments.

The scheme offers following two plans for investment into the scheme: regular plan and direct plan, options: growth option and dividend option, the dividend option has the following facilities: dividend option (payout & reinvestment), monthly dividend option (payout & reinvestment), quarterly dividend option (payout & reinvestment) and half yearly dividend option (payout & reinvestment).

The scheme would allocate invest 65% to 80% of assets in equity and equity related securities with high risk profile and invest 20% to 35% of asset in debt, money market instruments, cash and equivalent with medium risk profile.

The minimum application amount is Rs 500 and in multiples of Re. 1/- thereafter.

The minimum additional amount is Rs 500 and in multiples of Re. 1/- thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Not applicable.

Exit load: For exit within 12 months from the date of allotment:

For 10% of investment - Nil

For remaining investment - 1.00%

For exit after 12 months from the date of allotment - Nil

The Benchmark for the scheme would be CRISIL Hybrid 35+65 - Aggressive Index

The fund managers of the scheme are Sumit Bhatnager (Head-Equity), Malay Shah (Head-Fixed Income) and Veekesh Gandhi (Co-Fund Manager - Equity).