Indiabulls Mutual Fund (Indiabulls MF) has garnered Rs 102 Crore through its first duration product, Indiabulls Gilt Fund.
The new fund offer (NFO) opened for subscription on 28th December, 2012, and closed on 7th Jan, 2013. The scheme will re-open for ongoing purchase and sale from January, 11th, 2013 at Net Asset Value (NAV) based prices. Indiabulls Gilt Fund is benchmarked against 'Crisil Gilt Index’ and is rated “AAAmfs” by Crisil.
Indiabulls Mutual Fund has shown an impressive business growth. The Fund achieved the mile stone of Rs 3000 Cr of AUM in its first year of operations in Oct, 2012. The Fund presently has seven schemes and operates from ten cities across the country.
Indiabulls Mutual Fund has an edge over peers as it is sponsored by country's leading non-banking finance company (NBFC) Indiabulls Financial Services Ltd (IBFSL). The sponsor company has a net worth of over Rs 5,300 Cr with an asset book of over Rs 31,000 Cr and has a network of 192 branches.
About Indiabulls Mutual Fund
Indiabulls Mutual Fund, is a SEBI registered Mutual Fund has been established as a Trust with Indiabulls Financial Services Ltd as its Sponsor and Indiabulls Trustee Company Ltd as its Trustee.
Indiabulls Financial Services Limited (IBFSL) is one of India’s leading and fastest growing private sector financial services company providing Consumer Finance, Housing Finance, Commercial Loans, Asset Management and Advisory services. The company is focused on providing multiple financial services through an extensive network of consumer touch-points. IBFSL serves more than 500,000 customers across different financial products through its branch network, call centre & the internet. It also ranks among the top private sector financial services group in terms of networth.
