Fixed Rate / Return Funds aim to offer higher growth and competitive Fixed Rate of Return to the investors by investing primarily in Short to Medium Term investment instruments for specific duration.
ABL Fixed Rate Plan- I, is the 1st in series of allocation plan managed under ABL Fixed Rate Fund. This Plan offers an opportunity to generate fixed rate of return at the Maturity of the Plan by investing mainly in short-term investment instrument.
*Investors are encouraged to consult their Investment advisor prior to investing in the product.
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| Scheme Name | Open End Fixed Rate/Return Scheme |
|---|---|
| IPO date | October 19, 2023 |
| Maturity date | January 19, 2024 |
| Objective of the scheme |
The objective of the Fund, the investment objective of ABL Fixed Rate Plan-I is to provide fixed return to the Unit Holders at maturity by investing in Authorized Investable Avenues |
| Benchmark | Avg of 3M PKRV rates |
| Minimum Investment Amount | Initial Rs. 5,000 (Subsequent Rs. 1,000) |
| Management Fee | Up to 2% of Net Assets p.a. |
| Entry Load | Upto 1.5% |
| Exit Load | None |
