Shinsei Mutual Fund has launched Shinsei PSU Bond Fund. It is an open ended income scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be opened for subscription from 30 June to 6 July 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 14 July 2009.
The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.
The Scheme offers Ultra Short Term Plan. Under this Plan, the Scheme seeks to keep the average residual maturity of the portfolio of the Plan at less than one year.
The Fund offers two plans under Ultra Short Tern Plan viz. Retail and Institutional Plan. Each plan will have growth and dividend options.
Under retail plan dividend suboption (Quarterly-25th of every calendar quarter end)the scheme will offer pay-out facility and reinvestment facility.
Under institutional option dividend sub option has daily dividend reinvestment facility and monthly (25th of every calendar month) dividend option with dividend payout facility and dividend reinvestment facility.
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.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period.
The scheme will invest 80-100% in debt securities including securitised debt issued by public sector undertakings and nationalized banks, and government securities.
It will invest up to 20% in debt securities including securitised debt issued by undertakings other than public sector undertakings.
The scheme will not charge any entry load in the retail plan. But will charge an exit load of 0.50%, if redeemed within three months from the date of allotment of units under the retail plan.
For institutional option, the scheme will not charge any entry nor exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.
The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.
The Scheme offers Ultra Short Term Plan. Under this Plan, the Scheme seeks to keep the average residual maturity of the portfolio of the Plan at less than one year.
The Fund offers two plans under Ultra Short Tern Plan viz. Retail and Institutional Plan. Each plan will have growth and dividend options.
Under retail plan dividend suboption (Quarterly-25th of every calendar quarter end)the scheme will offer pay-out facility and reinvestment facility.
Under institutional option dividend sub option has daily dividend reinvestment facility and monthly (25th of every calendar month) dividend option with dividend payout facility and dividend reinvestment facility.
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.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period.
The scheme will invest 80-100% in debt securities including securitised debt issued by public sector undertakings and nationalized banks, and government securities.
It will invest up to 20% in debt securities including securitised debt issued by undertakings other than public sector undertakings.
The scheme will not charge any entry load in the retail plan. But will charge an exit load of 0.50%, if redeemed within three months from the date of allotment of units under the retail plan.
For institutional option, the scheme will not charge any entry nor exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.
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