The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issues will be open for subscription from 9 January and will close on 16 January 2013
The investment objective of the Scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities, which mature on or before the date of the maturity of the scheme.
The scheme is a closed ended income scheme. The units of the scheme will be listed on National Stock Exchange of India Ltd. (NSE). The investors cannot redeem the units of the scheme directly with the Fund till the maturity of the scheme. Investors can purchase or repurchase units on a continuous basis on NSE where the units will be listed until the date of issue of notice by the AMC for fixing the record date for determining the unit holders whose name(s) appear on the list of the beneficial owners as per the Depositories (NSDL/CDSL) records for the purpose of redemption of Units on Maturity
First Time Mutual Fund Investor:
Transaction charge of Rs 150/- for subscription of Rs 10,000 and above will be deducted from the subscription amount and paid to the distributor/ agent of the first time investor. The balance of the subscription amount shall be invested.
1 Dividend Payout 1 Direct Plan - Dividend Payout
2 Growth 2 Direct Plan - Growth
The portfolio will be same for both Dividend payout and Growth option.
Direct Plan is only for investors who purchase / subscribe units in a scheme directly with the Fund i.e. investments not routed through an AMFI Registration Number (ARN) Holder
NRI's on a fully repatriable basis:
In case of NRIs, payment may be made by means of a Draft in Indian Rupees purchased abroad or by cheque/DD drawn on Non Resident (External) /FCNR Accounts, payable at the authorized centers only. Payments may also be made through Demand drafts or other instruments permitted under the Foreign Exchange Management Act.