During the New Fund Offer (NFO) period, the units will be offered for Rs 10 each.
The new issue will be open for subscription from 2015 - 18 November and closes on 2 December 2015.
The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments.
The scheme shall offer two options that is dividend (dividend payout and reinvestment facility [reinvestment option is available under No Lock-in-sub-plan only]) and growth option under both regular plan & direct plan.
Each plan offers compulsory lock-in and No lock-in.
The scheme will allocate 25% to 55% of assets in debt * and money market instruments with low to medium risk profile, invest 40% to 60% of assets in equity and equity related instruments with high risk profile and invest 5% to 15% of assets in equities, equity related instruments and derivatives including index futures, stock futures, index options & stock option etc. as part of hedged / arbitrage exposure with medium to high risk profile.
* includes securitized debt (excluding foreign securitized debt) upto 35% of the net assets of the scheme.
The scheme shall not invest in foreign securitized debt.
The minimum application amount is Rs. 5,000
Entry load: Not applicable.
Exit load: -
Under Compulsory Lock-in: No exit load post lock-in period
Under No Lock-in: an Exit Load of 3% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment, -an Exit Load of 2% is payable if Units are redeemed / switched-out after 1 year and upto 2 years from the date of allotment -an Exit Load of 1% is payable if Units are redeemed / switched-out after 2 years and upto 3 years from the date of allotment -Nil if Units are redeemed / switched-out after 3 year.
Benchmark Index for the scheme is a combination of Nifty (50%) and Crisil Composite Bond Fund Index (50%).
The scheme will be managed by Pankaj Muraka and Kedar Karnik.
