The investment objective of the scheme is generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.
The scheme would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. The scheme will not invest in securitized debt. The maximum gross derivative position will be restricted to 50% of the net assets of the scheme.
NFO Opens: August 9, 2011
NFO Closes: August 10, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Listing: Bombay Stock Exchange
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Nitish Sikand
Exit Load: Nil