The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The scheme offers growth & dividend payout option under both regular and direct plan.
The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest upto 20% of the asset would be invested in money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 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: Nil
Exit load: Not applicable.
The scheme will be listed on the NSE.
Benchmark Index for the scheme will be CRISIL Composite Bond Fund Index.
Nitish Sikand will be the Fund Manager for the scheme.
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