Union KBC Mutual Fund has rolled out an open ended liquid scheme, Money Control reports. The Union KBC Liquid Fund will provide reasonable returns corresponding with lower risk and high level of liquidity via a portfolio of money market and debt securities.
The benchmark index for the scheme is the CRISIL Liquid Fund Index. The scheme, which will allocate about 100% of assets in money market and debt instruments, has appointed Devesh Thacker to manage the fund.
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