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The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Investment Objective
The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
The scheme will invest upto 50%-100% of its assets in Debt Instrument including securitized debt and upto 50% of the asset would be invested in money market Instrument with low to medium risk profile.
The Scheme will not have any exposure to derivatives and securitised debt. The scheme will have 100% of its exposure in AA rated NCDs.
Repurchase facility
No redemption/repurchase of units shall be allowed prior to the maturity of the close ended Scheme. Investors wishing to exit may do so, only in demat mode, by selling the units through BSE Ltd. or any of the stock exchange(s) where the Scheme will be listed as the Trustee may decide from time to time.
Minimum Application Amount
Minimum Application Amount is Rs 5,000 & in multiples of Rs.10 thereafter. The minimum application amount applies to switch in transactions during New Fund Offer period also.
NRI investors
NRI investors shall submit Foreign Inward Remittance Certificate (FIRC) along with Broker contract note of the respective broker through whom the transaction was effected, for releasing redemption proceeds on maturity. Redemption proceeds shall not be remitted until the aforesaid documents are submitted and the AMC/Mutual Fund/Registrar shall not be liable for any delay in paying redemption proceeds.
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