Old Bridge Mutual Fund has announced the launch of the Old Bridge Arbitrage Fund, an open-ended scheme designed to generate income by exploiting arbitrage opportunities between the cash and derivatives segments of equity markets. The scheme will also invest a portion of its corpus in debt and money market instruments.

The New Fund Offer (NFO) will open on November 6 and close on November 10, with the scheme reopening for continuous sale and repurchase from November 14.

The fund will be benchmarked against the Nifty 50 Arbitrage TR Index.

According to the fund house, the scheme will follow a fully hedged, risk-conscious strategy to deliver relatively stable returns. The asset allocation framework allows investment of 65–100% in equity and equity-related instruments, 0–35% in debt and mon

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