The investment objective of the scheme seeks to generate income from a portfolio constituted of debt and money market securities, along with investments in Gold Exchange Traded Funds (ETFs).
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Allotment of investment:
The scheme would allocate 65% to 90% of assets in debt instruments including corporate debt, securitized debt and other debt instruments with maturity / average maturity / residual maturity / interest rate reset greater than 365 days and money market instruments with low to medium risk profile. On the other side it would allocate 10% to 35% of assets in Gold ETFs with high risk profile.
Entry charge is Nil. Exit load charge will be 1%, if redeemed or switched out upto 12 months from the date of allotment of units. 0.50%, if redeemed or switched out after completion of 12 months upto 18 months from the date of allotment of units. Nil, if redeemed or switched - out after 18 months from the date of allotment of units.
NFO Price: Rs 10 per unit
NFO Opens: May 17, 2012
NFO Closes: May 31, 2012
Options: Growth and Dividend Payout
Benchmark: Crisil Short Term Bond Fund Index + Price of Gold (neutral allocation: 75:25).
Minimum Application Amount: Rs 5,000 and in multiples of Rs 1 thereafter .
Manager: Mr. Puneet Pal.