The New Fund Offer price is Rs. 10 per unit. The tenure of the scheme will be 41 months from the date of allotment.
The new issue will open for subscription from 6 February to 20 February 2015.
The investment objective of the scheme is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating.
To achieve this objective, the scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies.
The scheme offers regular plan & direct plan.
The scheme will invest 80% to 100% of assets in corporate debt (including securitized debt) with medium to high risk profile and invest upto 20% of assets in money market instruments with low risk profile.
Investment in securitized debt will not exceed 50% of the net assets of the scheme as at the time of purchase.
The minimum application amount is Rs. 5000 and in multiples of Rs. 5000 thereafter.
Entry load: Nil.
Exit load:...
4% if redeemed after 12 months from the date of allotment.
3% if redeemed after 12 months but within 24 months from the date of allotment.
2% if redeemed after 24 months but within 36 months from the date of allotment.
Nil if redeemed after 36 months from the date of allotment.
Benchmark index for the scheme is CRISIL Composite Bond Fund Index.
The fund manager of the scheme is Mr. Alok Singh.
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