Type of Scheme: An Open-ended Liquid Scheme
|
|||||||||
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: Risk is represented as:
|
(BLUE) investors understand that their principal will be at low risk. |
|
(YELLOW) investors understand that their principal will be at medium risk |
|
(BROWN) investors understand that their principal will be at high risk |
Launch Date: October 24, 2011
Investment Objective: To provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of up to 91 days.
Asset Allocation:
| Instruments | Indicative allocation (% of total assets) (Minimum - Maximum) | Risk Profile (High/ Medium/ Low) | |
| Money market and debt instruments with maturity upto 91 days (including floating rate debt instruments, securitized debt)* | Minimum | Maximum | Low/ Med/High |
| 0% | 100% | Low to Medium | |
*securitized debt cumulative allocation not to exceed 15% of the net assets of the Scheme(No investment in foreign securitized debt). The residual maturity of securitized debt shall not exceed 91 days.
Investment Strategy:
Objective of the scheme - To generate returns commensurate with low risk, the scheme would predominantly invest in money market instruments. As the turnover of the portfolio would be high, given the fact the investors in a liquid fund would deploy their funds for a short period of time, the portfolio would be structured to incorporate high liquidity by the use of cash and cash equivalents.The yield curve in the short end (overnight to 3 months) of the curve tends to remain flat with the least amount of volatility. In such a scenario, the fund manager 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 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
| Nature of the Scheme | An Open-ended Liquid Scheme |
| Benchmark Index | Crisil Liquid Fund Index |
| Load Structure | Entry Load: Nil, Exit Load: Nil |
| Options | Growth & Dividend |
| Sub Options | Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) 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 | Rs1,000 or 1 unit and in multiples of Rs.1 thereafter |
Fund Rating: AAAmfs by CRISIL**
Click here to download KIM cum Application Form. Please read the Scheme Information Document (SID)and Statement Of Additional Information (SAI) before investing.
**CRISIL Disclaimer: A CRISIL credit quality rating on a bond fund reflects CRISIL's current opinion on the degree of protection offered by the rated instrument from losses related to credit defaults. It does not constitute an audit by CRISIL of the fund house, the scheme, or companies in the scheme's portfolio. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell or hold the rated scheme: it does not comment on the market price or suitability for a particular investor.
All CRISIL ratings are under surveillance. CRISIL reserves the right to suspend, withdraw or revise its rating at any time, on the basis of any new information or unavailability of information or any other circumstances, which CRISIL believes may have an impact on the rating. For the latest rating information on any instrument of any company rated by CRISIL, please contact CRISIL RATlNG DESK at 
or at (+91 22) 3342 3001- 09.