The investment objective of the scheme is to generate capital appreciation and income by using arbitrage opportunities, investing in equity / equity related instruments and debt/money market instruments. The scheme offers growth option and dividend option with payout & reinvestment facility.
The scheme would allocate 65%-90% of assets in equity & equity related securities, invest upto 50% of asset in equity and equity related securities (unhedged) and with high risk profile, invest 15%-90% of assets in equities, equity related securities and derivatives including index futures, stock futures, index option & stock options, etc with medium to high risk profile, invest 10%-35% of asset in Debt and Money Market Securities with low to medium risk profile and invest upto 10% asset in Units issued by REITs & InvITs with medium to high risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The minimum additional purchase amount is Rs 1000 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: Not Applicable.
Exit Load: 1% if redeemed within one year from the date of allotment of units
Nil if redeemed after one year from the date of allotment
Benchmark Index for the scheme is 40% NSE 50 Arbitrage index, 35% NIFTY Short Duration Debt index and 25% NSE100 index
The fund managers of the scheme are Sanjay Chawla (Equity), Dipak Acharya (Equity) and Alok Sahoo (Fixed Income).
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