The NFO opened on July 27, 2011 for subscription and will close on August 8, 2011. Entry load is nil and exit load charge will not be applicable in the scheme as per the circulation of SEBI and since the scheme is planned to be list on stock exchange hence there will be no exit load in plan.
The performance of scheme of will be standardized against CRISIL Short Term Bond Fund Index. The two options are available under the Plan of the Scheme viz. growth and Dividend payout option. Dividend Payout is the only facility available under the Dividend Option. Growth Option shall be the default option under the Plan of the Scheme. The minimum application amount is Rs. 5,000 and in multiples of Rs. 10 thereafter. Ms Richa Sharma and Mr. Hareshwar Karekar shall be the Fund Manager for the scheme.
The asset allocation of scheme will be in such a way that the objective of the schemes to growth of the capital will be met but with minimum risk through investments in high quality debt and money market instruments. Hence schemes would allocate 65 per cent to 100 per cent of its assets in Debt and money market instruments and the scheme will also use derrivatives instruments to allocate 0 per cent to 50 per cent of its assets