The tenure of the scheme is 1100 Days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 7 January and will close on 15 January 2013.
The investment objective of the Scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the Scheme.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
The scheme's performance will be benchmarked against Crisil MIP Blended Index.
No redemption/repurchase of units shall be allowed prior to the maturity of the Scheme. Investors wishing to exit may do so, only in demat mode, by selling through BSE Limited or any of the stock exchange(s) where the Scheme will be listed as the Trustee may decide from time to time.
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/Scheme shall not be liable for any delay in paying redemption proceeds.
Direct Plan - Cumulative Option
Direct Plan - Dividend Option
Regular Plan - Cumulative Option
Regular Plan - Dividend Option
All the options stated above will have a common portfolio. Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund.