Type of Scheme: An open ended debt Scheme
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Risk is represented as:
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(BLUE) investors understand that their principal will be at low risk. |
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(YELLOW) investors understand that their principal will be at medium risk |
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(BROWN) investors understand that their principal will be at high risk |
Launch Date: February 12, 2013
Fund Objective: The primary investment objective of the Scheme is to generate a steady stream of income and/or medium to long term capital appreciation/gain through investment in fixed income securities.
However, there can be no assurance that the investment objective of the scheme will be achieved.
Investment Strategy:
The Fund shall be managed according to the Investment Objective - To generate a steady stream of income and or medium to long term capital appreciation/gain through investment in fixed income securities.
The Scheme proposes to invest only in a diversified set of fixed income securities and money market instruments with the aim of generating steady returns with a low-risk strategy.
The Fund Manager will endeavor to maintain a balance between safety, liquidity and profitability aspects of various investments.
The fund manager will try to achieve an optimal risk return balance for management of the fixed income portfolios.
The actual percentage of investment in various fixed income securities will be decided after considering the prevailing political conditions, the economic environment (including interest rates and inflation), the performance of the corporate sector and general liquidity as well as other considerations in the economy and markets.
Asset Allocation:
| Instruments | Normal Allocation (% of Net Assets) |
Risk Profile | |
| Minimum | Maximum | Low/Med/High | |
| Debt instruments and securitized debt* including Repos in Corporate Debt Securities | 65% | 100% | Low to Medium |
| Money Market Instruments | 0% | 35% | Low to Medium |
*securitized debt cumulative allocation not to exceed 50% of the net assets of the Scheme (No investment in foreign securitized debt). Investment in Securitized Debt will be only in investment grade papers.
Benchmark Index: CRISIL Composite Bond Fund Index
Fund Manager:
Mr. Puneet Srivastava - He has an Overall work experience of 17 years in the field of Finance. He has exposure to Debt - Dealing, Research and Fund Management. He is a Commerce graduate and has done his Masters in Business Administration in Finance.
Key Features:
| Type of Scheme | An open ended debt Scheme | |||
| Investment Plan / Option | Growth & Dividend (Pay-out & Re-investment). All these Options/ Sub-Options have Direct & Regular Plan | |||
| Load Structure | Entry Load: Not Applicable | Exit load : 1%, if redeemed/ switched out within 1 year from the date of allotment; Nil, if redeemed/ switched out after 1 year from the date of allotment. | |||
| Minimum Application | Purchase Rs. 5000 and in multiple of Re.1 /- thereafter | |||
| Amount | Additional Purchase Rs. 1000 and in multiples of Re. 1 /- thereafter | |||
| Payment Details | Cheque / demand draft to be drawn in favour of "Indiabulls Income Fund" | |||
| Bank: HDFC Bank Ltd | Bank: CITI Bank | |||
| Collection Account Number: 00600350112068 | Collection Account Number: 590694053 | |||
| RTGS Code: HDFC0000060 | NEFT: HDFC0000240 | RTGS Code: CITI0100000 | NEFT: CITI0100000 | |
| Benchmark Index | CRISIL Composite Bond Fund Index | |||
| SIP/STP/SWP | Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)/ Systematic Withdrawal Plan (SWP) facilities are available | |||