Scheme: It is a close-ended debt scheme. The scheme contains 4 plans with different time horizon. Plan A is for the duration of 410 days whereas Plan B carries duration of 400 days. Plan C and Plan D have duration of 385 days and 375 days respectively.
Face Value: Rs. 10
Investment Option: Each plan offers two sub plans i.e. retail plan and institutional plan with growth option and dividend payout option.
Minimum Investment Amount: The minimum application amount under regular plan is Rs. 5,000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter.
Objective: The objective of the fund is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund duration.
Entry Load: The fund will charge no entry load, as the scheme is a close ended.
Exit Load: The scheme charges an exit load of 2.50% for the investment redeemed before 6 months from the date of allotment. The exit load will come down to 2.00% if the investment is redeemed after 6 months but before 9 months. The exit load will come down to 1.50% if the investment is redeemed after 9 months but before 12 months. There will be an exit load of 1.00% if the investment is redeemed after 12 months but before the maturity period. There will not be any exit load charged on the redemption made on maturity date.
Asset Allocation: The fund will invest 0%-100% in debt securities and money market instruments with low to medium risk profile. The investment in securitised debt will be up to 100% with exposure to derivatives will be up to 50%.
Fund manager: Mr. Ninad Deshpande
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