Type of Scheme: An Open-ended Debt Scheme
Launch Date: January 05, 2012
Investment Objective: To provide liquidity with return commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
Asset Allocation:
| Instruments | Indicative allocation (% of total assets) (Minimum - Maximum) | Risk Profile (High/ Medium/ Low) | |
| Money market and debt instruments with maturity not greater than 1 year (including floating rate debt instruments, securitized debt)* | Minimum | Maximum | Low/ Med/High |
| 65% | 100% | Low to Medium | |
| Debt instruments with maturity greater than 1 year (including floating rate debt instruments, securitized debt)* | 0% | 35% | Low to Medium |
*securitized debt cumulative allocation not to exceed 25% of the net assets of the Scheme (No investment in foreign securitized debt).
Investment Strategy:
Objective of the scheme - to generate return commensurate with the low risk of the portfolio. This scheme is positioned to meet the need of those investors who want to deploy their funds for a short period of time with the low risk. The returns would match the levels of risk taken in the portfolio. The yield curve in the short end of the curve tends to remain flat with the least amount of volatility. In such a scenario, the fund managers predominantly would make attempts to invest the scheme proceeds uniformly across all the maturity buckets.The investment team would carry out rigorous in depth credit evaluation of the money market and debt instruments the scheme proposes to invest in. The credit evaluation will essentially be a bottom up approach and include a study of the operating environment of the issuer, the past track record as well as the future prospects of the issuer and the short term / long term financial health of the issuer.
Fund Managers:
Mr. Raju Sharma, Head – Fixed Income
Mr. Puneet Srivastava, Fund Manager – Fixed Income
KEY FEATURES
| Nature of the Scheme | An Open-ended Debt Scheme |
| Benchmark Index | Crisil Liquid Fund Index |
| Load Structure | Entry Load: Nil, Exit Load: Nil |
| Options | Growth & Dividend |
| Sub Options | Weekly Dividend (Reinvestment & Payout) Fortnightly Dividend(Reinvestment & Payout) Monthly Dividend (Reinvestment & Payout |
| Offer Price | Rs.1000/- per unit |
| Minimum Application Amount | Rs.5,000 and in multiples of Rs.1 thereafter |
| Minimum Additional Purchase Amount | Rs1,000 and in multiples of Rs.1 thereafter |
| Minimum Redemption Amount | 1 unit or Rs. 1,000 and in multiples of Rs.1 thereafter |
Click here to download KIM cum Application Form. Please read the Scheme Information Document (SID)and Statement Of Additional Information (SAI) before investing.