The new fund offer price for the scheme is Rs. 10 per unit. The new issue will open for subscription from 2014 December 1 to December 15, 2014.
The investment objective of the scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
The scheme offers growth, dividend (payout and re-investment) & bonus options under both regular plan & direct plan.
The scheme shall invest 65% to 100% in equity & equity related securities, 65% to 100% in equity derivatives and up to 35 % in debt and money market securities / instruments.
The minimum application amount is Rs. 5,000..
The fund seeks to collect a minimum subscription amount of Rs. 10 crore during the NFO period.
Entry load:
Not Applicable
Exit load:
0.5% if redeemed / or switched out within three months from the date of allotment and nil if redeemed / or switched out after three months from the date of allotment.
The benchmark index for the scheme will be CRISIL Liquid Fund Index.
The fund manager of the scheme will be Sumit Bhatnagar.
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