To generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 30 months.
Basic Scheme Information
|Nature of Scheme
||Open - Ended Income Scheme |
||June 25, 2010|
Existing Plans : Growth option and Dividend option.
Direct Plan (w.e.f. 01 Jan 2013) : Dividend Option, Growth Option.
(For Lumpsum Purchases and investments through SIP/STP)
|Not Applicable. |
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)
- In respect of each purchase/switch-in of units, an Exit load of 0.50% is payable if units are redeemed/switched-out within 3 month from the date of allotment.
- No Exit Load is payable if units are redeemed/ switched-out after 3 month from the date of allotment.
- Introduction of Direct Plan - modification in the Exit Load provisions, click here to read
|Minimum Application Amount
||Purchase: Rs. 5,000 and any amount thereafter.|
Additional Purchase: Rs. 1,000 and any amount thereafter.
|Net Asset Value Periodicity
||Every Business Day.|
||Within 10 working days|
(As per present Laws)
|Please click for details|
|Current Expense Ratio (#)
(Effective Date 9th October 2013)
Excluding Service Tax on Investment Management Fees, if any.
Direct Plan shall have a lower expense ratio by 0.10%.
(#) Any change in the expense ratio will be updated within two working days.
|Growth Option||04 Dec 2013||13.3899|
|Dividend Option||04 Dec 2013||10.1257|
|Direct Plan - Dividend Option||04 Dec 2013||10.1260|
|Direct Plan - Growth Option||04 Dec 2013||13.4023|
The table below provides the broad asset allocation of the portfolio of Scheme to be followed under normal circumstances.
||Indicative allocations (% of total assets)
|Debt and Money Market Instruments (including securitised debt#)
||Low to Medium|
# Investments in securitised debt, if undertaken, shall not normally exceed 75% of the net assets of the Scheme.
The Scheme may seek investment opportunity in Foreign Debt Securities (max. 75% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use debt derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets, including cash) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.
The total gross exposure investment in debt + money market instruments + derivatives (fixed income) shall not exceed 100% of net assets of the Scheme. Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure.
The investment objective of the Scheme is to generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 30 months. The Scheme seeks to generate income through investments in a range of debt and money market instruments of various credit ratings (above investment grade) with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity. The Scheme shall endeavour to develop a well- diversified, high credit portfolio of debt (including Securitised debt) and other securities that minimizes liquidity and credit risk.
Though every endeavor will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustees do not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.
Mr. Anil Bamboli
Mr. Rakesh Vyas (since May 10, 2012) - Dedicated Fund Manager - Overseas Investments
Portfolios - Holdings
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