Union KBC Mutual Fund has rolled out a new open ended equity portfolio, India Infoline reports. The Union KBC Equity Fund aims to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
The scheme, which offers growth and dividend option, will be managed by Ashish Ranawade. The new issue will be open for subscription from May 20, 2011 and will close on June 3 2011. The BSE 100 is the benchmark index for the portfolio.
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