The new issue will be open for subscription from 15 January and close on 23 January 2013.
Minimum Application Amount is Rs. 5,000/- and in multiples of Re. 1/- thereafter
To provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
The scheme will invest 80% to 100% of assets in debt securities and upto 20% of assets in money market securities. Exposure to domestic securitized debt may be to the extent of 20% of the net assets.
No redemption/repurchase of units shall be allowed prior to the maturity of the scheme.
Redemption will be allowed on maturity of the scheme. Each fund under the series is proposed to be listed on the BSE within 5 business days from the date of allotment.
Investors can trade on the exchange and Investors wishing to exit may do so, through BSE
or any other stock exchange where the scheme will be listed.
The scheme would have two plans viz:
a) Regular Plan
b) Direct Plan
Direct Plan shall be available for such investment applications which are not routed through a distributor. All the features of the Direct Plan under Scheme like the investment objective, asset allocation pattern, investment strategy, risk factors, facilities offered, load structure etc. will be the same except for a lower expense ratio.
Entry and exit load charge will be nil for the scheme. The units of the scheme will be listed on BSE in order to provide liquidity.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.