The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 25 and will close on April 2.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Krishan Daga and Anju Chajjer will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and reduce interest rate volatility will be met by investing in a portfolio of debt securities, money market instruments and equities & equity related instruments (including options premium). Hence, the scheme will allocate 65 to 95 per cent in debt securities, 0 to 30 per cent in money market instruments and 5 to 20 per cent of asset in equities & equity related instruments (including options premium).