The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.
The scheme offers two options viz. growth and dividend option. The dividend option will have the facility of payout and sweep.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Allocation of funds:
The scheme would allocate 75% to 100% of assets in debt instruments with low to medium risk profile. On the other side it would allocate upto 25% of assets in money market instruments with low to medium risk profile.
65% to 70% of assets would be invested in AAA / A1 rated non convertible debentures (NCDs), 25% to 30% in AA rated (NCDs).
NFO Opens: September 17, 2012
NFO Closes: September 25, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiple of Rs 1 thereafter.
Benchmark: Crisil Composite Bond Fund Index.
Managers: Pankaj Jain.
For more setails visit: www.principalindia.com