The scheme has the duration of 91 days which will mature on 8 November 2011.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt / fixed income securities maturing on or before the maturity of the scheme.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Allocation of funds:
The scheme would allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Debt instruments may include exposure in derivatives, either exchange traded or OTC which can be upto 50% of net assets as permitted by SEBI regulations.
NFO Opens: August 8, 2011
NFO Closes: August 9, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Benchmark: CRISIL Liquid Fund Index
Exit Load: Nil
Fund Manager: Ms. Richa Sharma and Mr. Hareshwar Karekar