The new issue will be open for subscription from 2014 - December 5 to December 19 - 2014.
This fund is suitable for investors seeking returns & growth over the term of the fund limiting interest rate volatality by investment in debt, money market & Govt-sec instruments maturing on or / before the date of maturity of the scheme with low risk - Blue.
The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers 2 options growth and dividend pay out option under Regular Plan & Direct Plan.
The scheme will allocate upto 20 % of its assets in money market instruments with low risk profile and invest 80 % to 100 % of its assets in government securities and debt instruments with low to medium risk profile.
The minimum application amount is Rs. 5,000.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 20 crore under the scheme during the NFO period.
Entry & exit load charge will be nil for the scheme
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Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund manager of the scheme will be Mr. Amit Tripathi.
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