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: August 22, 2013
Close Date: September 05, 2013
Fund Objective: The Scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Investment Strategy:
• The scheme proposes to invest in a diversified portfolio of high quality debt and money market securities to generate stable risk adjusted returns with a low risk strategy.
• The Indian debt market is in a phase of rapid transformation with liquidity and investment opportunities arising in various debt segments along with the introduction of new instruments. The fund manager will try to allocate assets of the scheme between various fixed income securities with the objective of achieving optimal risk adjusted returns. At the current juncture the Scheme would aim to invest in a mix of highest rated debt/money market instruments at shorter end in AAA/A1+ category, as under:
a. High quality corporate bonds of 1 years to 5 years maturity
b. 1yr maturity CDs to benefit from high rates and high liquidity provided by the bank CDs
• The overall portfolio construction will seek to play out the shape of the yield curve of different issuer classes. At the current juncture it would invest in short duration segment to benefit from “high carry” and lower volatility.
• The Scheme would aim to benefit from the softening in yields in foreseeable future as monetary easing (of rates and liquidity) takes place
• The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market and debt instruments proposed to be invested in.
Asset Allocation:
| Instruments | Indicative Allocation (% of Net Assets) |
Risk Profile | |
| Minimum | Maximum | Low/Med/High | |
| Money market instruments and debt Instruments including government securities, corporate debt, securitized debt*, repos in corporate debt securities and other debt instruments with maturity less than 3 years | 80% | 100% | Low to Medium |
| Debt instruments including government securities, corporate debt, securitized debt* and other debt instruments with maturity of 3 years to 5 years | 0% | 20% | Low to Medium |
The Average Maturity of the scheme would normally range from 1 to 3 years. *securitized debt cumulative allocation not to exceed 50% of the net assets of the Scheme (No investment in foreign securitized debt).
Benchmark Index: CRISIL Short Term 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.
OTHER DETAILS:
• Sponsor: Indiabulls Housing Finance Limited• Trustee: Indiabulls Trustee Company Limited
• Custodian and Fund Accountant: CITI Bank N.A.
• Registrar and Transfer Agent: Karvy Computershare Private Ltd
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: NA | 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 | Rs.5,000 and in multiples of Re. 1 thereafter | Rs. 1,000 and in multiples of Re. 1 thereafter (For Systematic Investment Plan (SIP)) 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 Short Term Fund" | ||||
| Banker to the New Fund Offer : HDFC Bank Ltd | Banker to the New Fund Offer : Yes Bank Ltd | ||||
| Collection Account Number : 00600350116144 | Collection Account Number : 000181000003251 | ||||
| RTGS Code : HDFC0000060 | NEFT Code : HDFC0000240 | RTGS Code : YESB0000001 |
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| Benchmark Index | CRISIL Short Term Bond Fund Index | ||||
| NFO Dates | New Fund Offer opens: August 22, 2013 | New Fund Offer closes: September 05, 2013 Scheme re-opens for ongoing Sales/Repurchase on or before: Within 5 Business Days of the Date of Allotment. | ||||
| SIP/STP/SWP | Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)/Systematic Withdrawal Plan (SWP) facilities are available | ||||