The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.
The scheme offers two options viz. growth and dividend option, weekly dividend (reinvestment option), monthly dividend (payout & reinvestment option).
The scheme would invest 65% - 100% of assets in Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options, etc. with high risk profile and upto 35% of asset in debt and money market instruments (including investing in securitized debt) with low to medium risk profile.
Minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is Nifty 50 Arbitrage TRI.
The fund managers of the scheme are Yogesh Patil (Equity Portfolio) and Marzban Irani (Debt Portfolio).
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