The tenure of the scheme is 4 months from the date of allotment of units. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The fund targets to raise a minimum subscription of Rs 1 crore under the scheme during the NFO period.
The scheme will allocate up-to 100% of assets in money market instruments, short-term and medium-term debt instruments with low to medium risk profile. The scheme shall not invest in securitized debt.
Dwijendra Srivastava will be the Fund Manager of this scheme.
Dwijendra 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.
NFO Opens: August 23, 2011
NFO Closes: August 26, 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 Short-Term Bond Fund Index
Fund Manager: Dwijendra Srivastava