Indiabulls Mutual Fund has launched Indiabulls Bluechip Fund. The scheme will be jointly managed by Aviral Gupta, Amarjeet Singh and Sumit Bhatnagar

The investment objective of the scheme would be to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of blue-chip large-cap companies.

The New Fund Offer (NFO) has opened for subscription on today on January 20, 2012 and closes on February 3, 2012. As with all NFOs, it is priced at Rs.10/- per unit. The minimum application amount would be of Rs.5000 and in multiples of Re.1 thereafter for lumpsum investment. For Systematic Investment Plan (SIPs), the minimum application would be of Rs.1000 and in multiples of Re.1 thereafter

The scheme would allocate 65% to 100% of assets in equity and equity related securities - blue chip large-cap companies, upto 35% of assets in equity and equity related securities - other companies and upto 35% of assets in debt & money market securities / instruments

Click here for full details on Indiabulls Bluechip Fund NFO

Type of scheme: Open-Ended
NFO opens from: January 20, 2012
NFO closes on: February 3, 2012
Benchmark Index: S&P CNX Nifty
Minimum Application Amount: Rs.5,000 for lumpsump application and Rs. 1,000 for SIP
Options: Growth & Dividend (Dividend Re-investment & Dividend Pay-out)
Exit Load: 1% if redeemed/switched out within first year, NIL if redeemed/switched out after 1 year