Scheme: It is a close-ended income scheme, which will be for fixed term of 14 months from the date of allotment.
Investment Objective: The investment objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the plan.
Asset allocation: The scheme may invest up to 100% in money market instruments (including CBLO and reverse repo) It may invest up to 100% in short term and medium term debt instruments and securitised debt. The investment in securitised debt will not exceed 50% of the net asset of the scheme. The net notional exposure to derivatives shall not be more than 50% of the net assets. Under normal circumstances, the scheme shall not have an exposure of more than 50% of its net assets in foreign securities.
Fund Opens: 19 February 2008
Fund Closes: 21 February 2008
Face Value: Rs 10
Investment Options: The scheme offers two plans i.e. regular and institutional plan. The scheme will have both growth and dividend option. Dividend reinvestment facility is available under dividend option.
Load structure: The scheme may not levy entry load as it is of close-ended nature. The scheme charges an exit load of 2.00% if the investment is redeemed before the maturity date.
Minimum Investment Amount: The minimum investment under regular plan is Rs 10,000 and in multiple of Re 1 thereafter. For institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter.
Minimum subscription amount: Rs 5 crore
Benchmark Index: CRISIL Liquid Fund Index
Fund Manager: Mr Alok Sahoo and Mr Suyash Choudhary
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