Scheme: It is 14 months close-ended debt fund
Objective: The objective of the fund is to generate regular income by investing in fixed income securities and money market instruments, usually maturing in line with the time profile of the fund.
Asset Allocation: The fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt. The investment in securitised debt would be up to a maximum of 100% of the net assets of the scheme. The scheme will not invest in foreign securities and foreign securitized debt. The exposure to derivatives shall be restricted to 50% of the net assets of the scheme.
Fund Opens: 24 January 2008
Fund Closes: 7 February 2008
Face Value: Rs 10
Investment Options: The investors will have the choice of two plans viz. regular plan and institutional plan. Each plans offers growth and dividend option. The dividend option offers sub option of dividend payout.
Entry Load: There will no entry load charged for the scheme due to its close-ended structure.
Exit Load: The scheme charges an exit load of 2.00% if the investment is redeemed any time from the date of allotment but before maturity date.
Minimum Investment Amount: The minimum investment amount under regular plan is Rs. 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 1 crore and in multiple of Re 1 thereafter.
Target amount: Rs.1 Crore
Benchmark Index: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Suresh Soni.
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