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| Nature | An open-ended equity scheme investing in equity, arbitrage and debt. |
| Investment Objective | The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. |
| Asset Allocation | The asset allocation pattern for the scheme is detailed in the table below:
| Instrument | Indicative allocation
(% of total Assets) | Risk Profile |
| | Minimum | Maximum | |
| Equity and equity related instruments including derivatives out of which |
65% |
90% |
Medium to High |
| Cash future arbitrage opportunities*$ |
20% |
70% |
Low to Medium |
| Net Long Equity exposure** |
20% |
45% |
High |
| Debt & Money market Instruments (including margin for derivatives) |
10% |
35% |
Low |
| Units issued by Real Estate Investment Trusts (REITs) and Investment & Infrastructure Investment Trusts (InvITs) |
0% |
10% |
Medium to High |
* This denotes equity exposure completely hedged with corresponding equity derivatives.
**Net long Equity means exposure to equity shares alone without a corresponding equity derivative exposure. It aims to gain from potential capital appreciation and thus is a directional equity exposure which will not be hedged.
$ The exposure to derivative shown in the above asset allocation table would normally be the exposure taken against the underlying equity investments and in such case, exposure to derivative will not be considered for calculating the gross exposure. |
| Fund Manager | Mr. Raju Sharma (Debt Portion) & Mrs. Uma Venkatraman (Equity Portion). |
| Benchmark | 40% of CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index + 30% of Nifty 50 Index- TRI |
| Face Value | Rs. 10/- per unit. |
| Entry Load | Not Applicable |
| Exit Load | 1% for exit (New/Additional Purchase/Switch-out/Transfer/SWP) up to 12 months from the date of allotment.
|
| Plans & Options | The Scheme offers following plans for investment :- - Regular Plan
- Direct Plan
Within each Plan there are two Options: - Dividend Option **
- Growth Option*
*The Growth Option under both Plans offers the Growth and "Growth with Regular Cash Flow Plan (RCFP)" options.
The Dividend option under both Plans offers Monthly and quarterly sub-options. | Sub-Option | Record date/day | Mode of dividend | | Monthly | 25th of every month | Payout / Reinvestment / Dividend Sweep | | Quarterly | As may be decided by the Trustees | Payout / Reinvestment / Dividend Sweep | **All dividend distribution is subject to the availability of distributable surplus on the record date and will be at the discretion of IDBI Asset Management Ltd. and IDBI MF Trustee Company Ltd. |
| Minimum Investment | Rs. 5000 and in multiples of Re. 1 thereafter. |
| Additional Purchase | Rs.1000 and in multiples of Re. 1 thereafter. |
| Systematic Investment Plan (SIP) | Monthly option - Rs. 500/- per month for a period of 12 months or Rs. 1000 per month for a period of 6 months.
Quarterly option - Rs. 1500/- per quarter for a period of 4 quarters
Minimum amount mentioned shall be made in multiples of Re.1/- |
| Systematic Transfer Plan (STP) |
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
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Sub-options for STP
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Eligible dates for effect
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Minimum amount per transfer*
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Minimum term / duration applicable
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Weekly
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1st Business day of the week
|
Rs. 1,000/-
|
12 Installments
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Monthly
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1st, 5th, 10th, 15th, 20th and 25th day of the month
|
Rs. 1,000/-
|
12 Installments
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|
Quarterly
|
1st, 5th, 10th, 15th, 20th and 25th day of the first month of each quarter
|
Rs. 2,500/-
|
4 Installments
|
(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum
of Rs.500/- and in multiples of Rs.500/- thereafter.) |
| Systematic Withdrawal Plan (SWP) | Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day. |
| Taxation |
Unit holders of the Scheme will be charged securities transaction tax (STT) at applicable rate on value of redemption of units.
**For further details on taxation please refer to the Section on Taxation in the SAI. |
| Riskometer | This product is suitable for investors who are seeking*:
- Regular income & Capital appreciation over Medium to Long term
- Investment in equity and equity related instruments including equity derivatives, arbitrage and debt and money market instruments
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. | |