The tenure of the scheme is 2 years from the date of allotment of units with capital protection at maturity. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
The scheme's portfolio structure has been rated as AAA (so) by CRISIL which indicates highest degree of certainty regarding payment of face value of the investment to unit holders.
The objective of this scheme would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed income securities. The scheme may invest a part of the assets in equity to seek capital appreciation.
However, no guaranteed returns are assured under the scheme.
The fund targets to raise a minimum subscription of Rs 1 crore under the scheme during the NFO period.
Allocation of funds:
The scheme will allocate upto 90% to 100% of assets in fixed-income securities including money market instruments, if any with low to medium risk profile. It would allocate balance upto 10% of assets in equity and equity related instruments with medium to high risk profile. Exposure to derivatives will be limited to 50% of the net asset.
Dwijendra Srivastava and Srividhya Rajesh will be the Fund Manager of this scheme.
The debt portion of the scheme will be managed by Dwijendra Srivastava, who is CFA from CFA Institute, USA, B Tech in Textile Engineering and P G Diploma in Finance. He has 10 years of overall work experience and currently holds the position of Head-Fixed Income Securities with Sundaram Mutual Fund.
The equity portion will be managed by Srividhya Rajesh, who is CFA holder and management graduate from BITS Pilani. She has been with Sundaram for more than 13 years.
NFO Opens: August 2, 2011
NFO Closes: August 16, 2011
NFO Price: Rs 10 per unit
Options: Dividend Payout & Growth
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Manager: Dwijendra Srivastava and Srividhya Rajesh