The NFO opens on July 15, 2011 and closes on July 29, 2011.
The tenure of the scheme is 3 years from the date of allotment of units with capital protection at maturity. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
The minimum application amount is Rs 5,000 and after that additional investment can be made of Re 1.
The fund targets to raise a minimum subscription of Rs 1 crore under the scheme during the NFO period.
The investors will be provided with the two options: Dividend Payout and Growth option. Investor needs to choose any of the option while investing, if he is not specifying the same at the time of investing, it will be implied that investor has opted for Growth option.
The objective of this scheme would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed income securities. The scheme may invest a part of the assets in equity to seek capital appreciation.
However, no guaranteed returns are assured under the scheme.
Allocation of funds:
The scheme will allocate upto 80% to 100% of assets in fixed-income securities including money market instruments, if any with low to medium risk profile. It would allocate balance upto 20% of assets in equity and equity related instruments with medium to high risk profile. Exposure to derivatives will be limited to 50% of the net asset.
Dwijendra Srivastava and Srividhya Rajesh will be the Fund Manager of this scheme.
The debt portion of the scheme will be managed by Dwijendra Srivastava, who is CFA from CFA Institute, USA, B Tech in Textile Engineering and P G Diploma in Finance. He has 10 years of overall work experience and currently holds the position of Head-Fixed Income Securities with Sundaram Mutual Fund.
The equity portion will be managed by Srividhya Rajesh, who is CFA holder and management graduate from BITS Pilani. She has been with Sundaram for more than 13 years.
NFO Opens: July 15, 2011
NFO Closes: July 29, 2011
NFO Price: Rs 10 per unit
Options: Dividend Payout & Growth
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Manager: Dwijendra Srivastava and Srividhya Rajesh