Indiabulls Mutual Fund has announced change in the fundamental attributes of Indiabulls Short Term Fund with effect from Feb 22, 2018. Accordingly, the scheme is proposed to be categorized as an open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 years and 3 years. The asset allocation has also been revised with the fund having the mandate to maintain 0-75% exposure in money market instruments and 25-100% exposure in debt instruments including government securities, corporate debt, securitized debt and other debt instruments. The revised scheme objective is to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the scheme will be achieved.