The primary objective of the Scheme is to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Basic Scheme Information
|Nature of Scheme
||Open Ended Income Scheme |
||July 25, 2001|
Existing Plan : Dividend Option,Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.
Direct Plan (w.e.f. 01 Jan 2013) : Dividend Option, Growth Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.
(For Lumpsum Purchases and investments through SIP/STP)
Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
(as a % of the Applicable NAV)
|Minimum Application Amount
(click here for SIP Details)
|For new investors :Rs.5000 and any amount thereafter.|
For existing investors : Rs. 1000 and any amount thereafter.
|Net Asset Value Periodicity
||Every Business Day.|
||Normally despatched within 3-4 Business Days|
(As per present Laws)
|Please click for details|
|Current Expense Ratio (#)
(Effective Date 3rd October 2012)
Excluding Service Tax on Investment Management Fees, if any.
Direct Plan shall have a lower expense ratio by 0.30%.
(#) Any change in the expense ratio will be updated within two working days.
|Long Term Dividend Option||11 Dec 2013||10.3009|
|Long Term Growth Option||11 Dec 2013||22.9927|
|Direct Plan - Dividend Option||11 Dec 2013||10.3249|
|Direct Plan - Growth Option||11 Dec 2013||23.0458|
The following table provides the asset allocation (as a % of Net Assets) of the Scheme's portfolio :
||Long Term Plan
||Risk Profile of the Instrument|
|Government of India Dated Securities
|State Governments Dated Securities
|Government of India Treasury Bills
In addition to the securities stated in the table above, the respective Plans may enter into repos/reverse repos in the securities that it will invest in or as may be permitted by the RBI. From time to time the Scheme may hold cash. A part of the net assets may be invested in the call money market or in an alternative investment for the call money market as may be provided by the RBI to meet the liquidity requirements.
It is proposed to invest the proceeds of the Long Term Plan in sovereign securities issued by the Central Government and/or a State Government with medium to long term maturities.
The investment team of the AMC will study the macro economic conditions, including the political, economic environment and factors affecting Liquidity and interest rates. The AMC would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same.
The Scheme will purchase securities in the public offerings, as well as those traded in the secondary markets. On occasions, if deemed appropriate, the Scheme may also participate in auction of Government Securities. The Mutual Fund will seek to underwrite issuance of Government Securities if and when permitted by SEBI/RBI and subject to the prevailing rules and regulations specified in this respect and may also participate in their auction from time to time.
Mr. Anil Bamboli (since Sep 1, 2007)
Portfolios - Holdings
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