The scheme is coming with the duration of 370 days from the date of allotment.
The investment objective of the fund is to generate regular income by investing in debt and money market instruments maturing on or before the date of 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 invest 100% of assets in domestic debt instruments including government securities and money market instruments & securitized debt with low to medium risk profile. Investment in Securitized Debt would be up to 20% of the net assets of the scheme. The exposure to derivatives shall be restricted to 50% of the net assets of the scheme.
NFO Opens: September 7, 2011
NFO Closes: September 8, 2011
NFO Price: Rs.10 per unit
Options: Growth and Dividend (Dividend Payout and Sweep)
Minimum Application Amount: Rs 5,000 per application and additional Re. 1, thereafter
Benchmark: Crisil Short Term Bond Fund Index
Exit Load: Nil
Fund Manager: Mr. Kumaresh Ramakrishnan