The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The new issue will be open for subscription from 2015 - 25 March to 30 March.
The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt.
The scheme offers growth option, monthly dividend option with payout and reinvestment option, quarterly dividend option with payout and reinvestment option, half yearly dividend option with payout and reinvestment option, flexi dividend option with payout and reinvestment option and annual dividend option with payout and reinvestment option.
The scheme would allocate 55% to 100% of assets in government securities issued by Central and / or state government and debt securities including but not limited to corporate bonds and securitized debt with low to medium risk profile and invest upto 45% of assets would be allocated to money market instruments with low risk profile. Debt securities will also include securitized debt, which may go up to 50% of the portfolio.
The minimum application amount is Rs. 5,000.
Entry load:
Not applicable.
Exit load:
1. If exited less than or equal to 365 days: 1.00%
2. If exited after 365 days and less than or equal to 548 days: 0.50%
3. If exited after 548 days: Nil.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
Mr. Amandeep S Chopra is the fund manager for the scheme.
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