Indiabulls launches Ultra Short Term Fund

Indiabulls Mutual Fund has launched a new fund namely, Indiabulls Ultra Short Term Fund, an open ended debt scheme.

With a face value of Rs. 1000 per unit, the investment objective of the scheme is to provide liquidity with returns commensurate with low risk through a portfolio of money market and debt securities.

The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index and will be managed by Mr. Raju Sharma and Mr Puneet Srivastava.