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Our Bureau

Mumbai , Nov. 14

Standard Chartered Mutual Fund has launched Standard Chartered Arbitrage Fund, an open-ended equity scheme that will invest in cash and futures across markets. The new fund offer opens on November 14 and closes on November 30.

The fund will purchase securities in the spot market for immediate resale in the futures market to profit from the price spread available at the time of sale, as price discrepancies exist in the spot and futures market. Dividends along with all capital gains over one year would be tax-free. The fund will invest up to 35 per cent in debt and money market instruments.

"Considering the markets at this point in time, the Standard Chartered Arbitrage Fund will help investors generate relatively lower risk returns irrespective of where the index moves," said Mr Naval Bir Kumar, Managing Director, Standard Chartered AMC.

The minimum investment for this scheme for Plan A (regular investors) is Rs 10,000 and for Plan B (institutional investors), Rs 1 lakh.

The exit load would be 0.25 per cent up to 30 days from the date of investment in both plans.

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