Indiabulls Mutual Fund has bene providing to notch mutual fund schemes for its investors since 2011. The fund house is known for presenting a range of debt and equity Mutual Funds that caters to different risk exposures and time horizons. This fund house is a part of the popular Indiabulls G, whose other business interests include housing finance, real estate, and capital market marketing and distribution services.
Indiabulls Mutual Fund’s mission is to emerge as a fund house of choice of the savvy Indian investor of today’s times. The fund house is organized to operate as a trust wherein its trustee is Indiabulls Trustee Company Ltd., and its sponsor being Indiabulls Housing Finance Ltd.
Indiabulls Mutual Fund is one of the prominent and fastest growing Mutual Funds in India. Indiabulls Group has provided great yields to more than 500,000+ customers across different financial products through its different branches, network cells & digital marketing. It also ranks among the top private sector financial services groups in terms of net worth. The fund house works hard to achieve a logical spread of its portfolio of MFs in the market with schemes that aim to strike a balance between safety, liquidity, and returns to the investors without any hassles. Its parent organization - the Indiabulls Group has prominent companies such as Indiabulls Housing Finance Ltd., Indiabulls Real Estate, and Indiabulls Ventures under its management.
Recently, Indiabulls Mutual Fund AMC has filed papers with SEBI to launch the Indiabulls Savings Fund. This money market scheme will seek to provide investors with reasonable returns along with high liquidity while featuring low to moderate level of risk. The scheme will be released as an opened-ended fund with zero exit load. This facilitates active participation from investors and helps them to invest/redeem scheme units on any business day. This liquid fund is hence, ideal for short term parking of excess funds by investors (both individual and institutional).
The Indiabulls Savings Fund will invest up to 100% of its total assets in money market instruments with maturity of up to 1 year. Additionally, the scheme also has the flexibility to invest up to 100% of total assets in derivatives and up to 50% of net assets in securitized debt.
This scheme will be benchmarked against the CRISIL Money Market Index which tracks the performance of a money market portfolio comprising Treasury Bills, Certificates of Deposits and Commercial Papers. The CRISIL Money Market Index features 6 month and 1 year returns of 3.79% and 7.13% respectively.
This new money market fund will be managed by Malay Shah. He currently manages the Indiabulls Ultra Short Term Fund and the Indiabulls Liquid Fund, which are among the top performers in their respective categories.
Mr. Raghav Iyengar has more than 20+ years in Mutual Fund Industry. He has been involved in a wide range of roles including retail penetration to implementing strategy for new products and markets for various Asset Managers in India. His exposure to the capital markets during the early stages of his career helped him understand the retail markets in a better way. Raghav is an Associate Chartered Accountant with the graduation in Cost & Management Accountancy.
Mr. Malay Shah has around 14 years of experience in the field of finance. He has exposure to Debt – Dealing and Fund Management and has expertise in managing all the debt schemes namelyLiquid, Ultra Short Term, Short Term, Income Plan, Child Plan, Dynamic Bond and FMPs. He is a Commerce graduate and has done his MMS in Finance from NMIMS.
Mr. Sumit Bhatnagar has over 14 years of experience in Banking & Capital Markets. At Indiabulls Mutual Fund, Sumit played a pivotal role in setting up the AMC systems & processes and in framing business strategy, designing business plan and products for the AMC. He is extensively research oriented and follows a Top Down approach for Large Caps and Bottom Up approach for Mid / Small Cap. He is well versed with Indian and Global Macros. He holds an MBA (Investment Management) from the University of Toronto, Canada and is also a CFA (USA).