Pramerica Mutual Fund today launched a new product offering- Pramerica Short Term Income Fund.
The company said that this is an open ended income scheme and will be managed by Mahhendra Jajoo, Executive Director and Chief Investment Officer- Fixed Income.
The scheme will be benchmarked against the CRISIL Short Term Bond Fund Index. The New Fund Offer (NFO) is priced at Rs 1000 per unit. The NFO opened for subscription on January 27, 2011 and will close on February 03, 2011. The scheme will re-open for continuous sale and repurchase on February 07, 2011.