Mirae Asset Mutual Fund has launched its 5th debt fund – Mirae Asset Short Term Bond Fund for which the new fund offer (NFO) will remain open till July 22, 2009.
The fund will aim at an actively managed portfolio of fixed income securities. The fund can keep up to 80 per cent of its assets in instruments having maturity of more than 6 months while keeping the balance of the assets in instruments with maturity of less than 6 months.
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