Scheme: A 36-months close-ended equity scheme with an automatic conversion into open-ended scheme after completion of 36 months from the date of allotment.
Objective: The investment objective of the scheme is to provide long term growth from a portfolio of equity and equity related instruments of companies engaged either directly or indirectly in the banking and financial sector.
Investment options: The scheme offers investment under two options namely dividend & growth. Under dividend option, the unit holder can choose either dividend payout or reinvestment.
Asset Allocation: The scheme will invest 80-100% of its portfolio in equity and equity related instruments of companies engaged either directly or indirectly in the banking and financial sector. The scheme will invest 0-20% in debt and money market instruments. The plan may invest up to 20% of debt portfolio includes securitised debt.
Face Value: Rs 10.
Entry Load: The scheme will not charge any entry load as it is of close-ended nature.
Exit Load: The units will be redeemed only after recovering the balance proportionate unamortized issue expenses.
Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiples of Re.1 thereafter.
Minimum targeted amount: Rs 1 crore
Benchmark: BSE Bankex
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