The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on February 14 and will close on February 19.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Amit Tripathi will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to seek to generate returns and growth of capital will be met by investing in a portfolio of central and state government securities and other fixed income/ debt securities. Hence, the scheme will allocate 0 to 30 per cent of asset in money market instruments and 70 to 100 per cent in government securities and debt instruments.
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