Indiabulls Mutual Fund on Friday launched Indiabulls Dynamic Bond Fund. The open-ended dynamic debt scheme investing across durations will close for subscription on November 30, according to information on the fund house’s website.
Indiabulls Mutual Fund had sought SEBI approval for the fund on August 24, 2017. The fund will invest up to 100 per cent of its corpus in debt and money market instruments. Minimum subscription amount is pegged at ₹500 and in multiples of ₹1 thereafter. The fund is benchmarked to CRISIL Composite Bond Fund Index.