The primary investment objective of the Scheme is to generate regular returns in line with investments in overnight securities maturing on or before next business day.
The Scheme will offer two plans regular and direct. Under each plan there are three options: Growth and daily, weekly Dividend Reinvestment.
The scheme would allocate upto100% of assets in debt securities and money market instruments with overnight maturity with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1thereafter.
The minimum additional application amount is Rs 1000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load: Not applicable.
Exit load: Nil
Benchmark Index for the scheme is CRISIL Overnight Index.
The fund managers of the scheme are Vikram Pamnani and Mayank Prakash.
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