During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit.
The new issue will be open for subscription from 5 May to 12 May 2015.
This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk - Blue.
The primary investment objective of the scheme is to generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs).
The scheme offers growth option and bonus option under growth plan and dividend pay out option and re- investment option, weekly dividend payout option and re -investment option, monthly dividend payout option and re -investment option and quarterly dividend payout option & reinvestment option with dividend plan.
The scheme will allocate upto 80% to 100% of its assets in debt and money market instruments issued by banks, public sector undertakings (PSUs) and public financial institutions (PFIs) and invest upto 20 % of its assets in debt and money market instruments issued by other entities, gilt securities and state development loans (SDLs) with low to medium risk profile.
The minimum application amount is Rs. 5.000.
Entry & exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
The fund managers of the scheme are Mr. Anju Chajjer, Mr. Vivek Sharma (Assistant Fund Manager - Fixed Income) and Jahnvee Shah (Fund Manager - Overseas Investments).
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