Daiwa MF to change in asset allocation GSF–ST Plan

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Daiwa MF to change in asset allocation GSF–ST Plan
Daiwa Mutual Fund has decided to change the asset allocation pattern of Daiwa Government Securities Fund – Short Term Plan (GSF–ST Plan) with effect from August 25, 2011.

The maximum average portfolio maturity for the fund should be of less than three years. The scheme would allocate upto 100% of assets in securities issued by Central and State Government including reverse repo in such securities as may be permitted by SEBI/RBI from time to time and money market instruments.

Securities includes oil bonds, food bonds, fertilizer bonds etc. as specified by RBI from time to time. Investments in gilt securities shall not be less than 65% of the net assets of the scheme.

The unit holders of the scheme will be given the option to exit this scheme at the prevailing NAV without any exit load. The option to exit without payment of exit load will be valid from July 25, 2011 upto August 24, 2011.

Daiwa Government Securities Fund – Short Term Plan is an open-ended gilt scheme which has the investment objective to generate income and capital appreciation by investing predominantly in sovereign securities issued by the Central Government (including Treasury Bills) and by State Governments, with maximum average portfolio maturity of less than three years.

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