Shinsei Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Shinsei PSU Bond Fund, an open ended income scheme. The face value of the new issue will be Rs 10 per unit.
Investment objective: The investment objective of the scheme is to generate income commensurate with prudent risk while maintaining the optimal balance of yield, safety and liquidity from a portfolio constituted of debt securities and money market securities issued predominantly by public sector undertakings and nationalised banks.
Investment plans: The Fund offers two plans viz. Savings and Investment Plan. Each plan will have retail and institutional plans with growth and dividend options. Dividend option will offer dividend payout and reinvestment facilities.
The minimum investment amount:
For Savings plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.
For Investment plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 50 lakh and in multiples of Re 1 thereafter.
Minimum targeted amount: The scheme seeks to collect a minimum corpus of Rs 1 crore under each plan under scheme during NFO period of the respective plan under the scheme.
Asset allocation:
Savings Plan: The scheme will invest 80-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 20% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.
Investment Plan: The scheme will invest 75-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 25% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.
Investment in securitised debt under each plan will not exceed 20% of the net assets of that plan. The plans under the scheme will not invest in foreign securitised debt.
Load structure
The scheme will not ask an entry load.
In Savings Plan, exit load will be 0.50% if redeemed within 3 months from the date of allotment while no exit load for institutional plan.
In Institutional Plan, exit load will be 1.00% if redeemed within 6 months from the date of allotment and 0.50% if redeemed after 6 months but within 1 year from the date of allotment. Exit load for institutional plan will be 0.25% if redeemed within 1 month from the date of allotment of units.
Benchmark Index
The Savings Plan's performance will be benchmarked against Crisil Liquid Fund Index while Investment Plan will be benchmarked against Crisil Short Term Bond Fund Index.
Fund Manager
Killol Pandya will be the fund manager for the scheme.
Investment objective: The investment objective of the scheme is to generate income commensurate with prudent risk while maintaining the optimal balance of yield, safety and liquidity from a portfolio constituted of debt securities and money market securities issued predominantly by public sector undertakings and nationalised banks.
Investment plans: The Fund offers two plans viz. Savings and Investment Plan. Each plan will have retail and institutional plans with growth and dividend options. Dividend option will offer dividend payout and reinvestment facilities.
The minimum investment amount:
For Savings plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.
For Investment plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 50 lakh and in multiples of Re 1 thereafter.
Minimum targeted amount: The scheme seeks to collect a minimum corpus of Rs 1 crore under each plan under scheme during NFO period of the respective plan under the scheme.
Asset allocation:
Savings Plan: The scheme will invest 80-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 20% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.
Investment Plan: The scheme will invest 75-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 25% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.
Investment in securitised debt under each plan will not exceed 20% of the net assets of that plan. The plans under the scheme will not invest in foreign securitised debt.
Load structure
The scheme will not ask an entry load.
In Savings Plan, exit load will be 0.50% if redeemed within 3 months from the date of allotment while no exit load for institutional plan.
In Institutional Plan, exit load will be 1.00% if redeemed within 6 months from the date of allotment and 0.50% if redeemed after 6 months but within 1 year from the date of allotment. Exit load for institutional plan will be 0.25% if redeemed within 1 month from the date of allotment of units.
Benchmark Index
The Savings Plan's performance will be benchmarked against Crisil Liquid Fund Index while Investment Plan will be benchmarked against Crisil Short Term Bond Fund Index.
Fund Manager
Killol Pandya will be the fund manager for the scheme.
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