ABL Financial Sector Plan-I (ABL FSP-I) is launched under “ABL Financial Sector Fund”. This is a unique investment solution that aims to provide better profits as compared to standard saving options by investing primarily in Financial Sector Debt instruments and Government Securities.
The objective of the plan is to provide income enhancement and competitive returns by investing in high quality Financial Sector debt instruments including TFCs/Sukuk, Government Securities, Bank Deposits and Money Market instruments as per the investment policy.
*Investors are encouraged to consult their investment advisor prior to investing in the product.
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| Scheme Name | ABL Financial Sector Plan – I |
|---|---|
| Scheme type | Open-End Income Scheme |
| Date of Inception | 1st August 2023 |
| Objective of the scheme | To provide income enhancement and competitive returns by investing in high/prime quality Financial Sector TFCs/ Sukuk, Spread Transactions, Bank Deposits and Money Market instruments as per investment policy of the respective Allocation Plan defined in Offering Document. |
| Benchmark | Six (6) Months KIBOR Rates |
| Minimum Investment Amount | Initial Rs.5,000/- (subsequent investment 1,000/-) |
| Lock-In Period | None |
| Management Fee | Upto 2% p.a |
| Entry Load | Upto 2% |
| Exit Load | None |
