An Income-Based mutual fund regulated by the Securities and Exchange Commission (SEC) is open to strategic but risk averse investors- High Net worth Individuals, Pension Fund Administrators, Insurance Companies, Mortgage and Microfinance Banks, Endowment Funds, Family & Trust Funds, Educational centers, Charity Organisations, Religious Houses, Company Co-operatives & Staff Schemes and Federal, State & Local Governments including their Investment companies.
· Capital preservation
· Can be used as liquid security/collateral for borrowings.
· Investments will be placed in the Fixed Income and Money Market space.
· Monthly investment statement would be issued to the clients
Returns on investment are not subject to withholding tax. Minimum investment is 50,000 units.