Indiabulls Mutual Fund garners Rs 102 crore through gilt fund

MUMBAI: Indiabulls Mutual Fund today said it has garnered Rs 102 crore through its gilt fund.

"Indiabulls Mutual Fund has garnered Rs 102 crore through its first duration product, Indiabulls Gilt Fund," the company said in a release here.

The new fund offer opened for subscription on December 28 and closed on January 7. It will reopen for ongoing purchase and sale from January 11, it added.

The private fund house, which has seven schemes in its portfolio, reached an AUM ( asset under management) of Rs 3,000 crore in its first year of operations last October, the release said.