The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the 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 will allocate 100% of assets in debt securities and money market instruments with low to medium risk profile.
NFO Opens: August 24, 2011
NFO Closes: September 7, 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
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Alok Singh