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| Nature | An open-ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.#
# please refer to the Scheme Information Document (SID) on which the concept of Macaulay’s duration has been explained. |
| Investment Objective | The investment objective of the Scheme is to provide investors with regular income by investing in debt and money market instruments, such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years. However, there can be no assurance that the investment objective of the Scheme will be realized. |
| Asset Allocation | The asset allocation pattern for the scheme is detailed in the table below:
| Instrument | Indicative allocation
(% of total Assets) | Risk Profile |
| Debt and Money Market Instruments* |
Up to 100% |
Low to medium |
| Units issued by Real Estate Investment Trusts (REITs) & Investment & Infrastructure Investment Trusts (InvITs) |
Up to 10% |
Medium to High |
*Under normal circumstances, Macaulay duration of the portfolio will be maintained between 1 year to 3 years. |
| Fund Manager | Mr. Bhupesh Kalyani |
| Benchmark | CRISIL Short Term Bond Fund Index |
| Face Value | Rs. 10/- per unit. |
| Entry Load | Not Applicable |
| Exit Load | 1% for exit (Redemption/Switch-out) on or before 12 months from the date of allotment. Nil after 12 months. |
| 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 Dividend Option under both the Plans offers following modes of Dividend: - Dividend Payout
- Dividend Reinvestment and
- Dividend Sweep
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| 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 and in multiples of Re. 1/- thereafter per month, for atleast 12 months or
Rs. 1000 and in multiples of Re. 1/- thereafter per month, for a minimum period of 6 months.
Quarterly option -
Rs. 1500 and in multiples of Re. 1/- per quarter thereafter for a minimum period of four quarters.
Investments above the minimum amount mentioned, shall be made in multiples of Re. 1 for all SIP
irrespective of frequency of SIP or the Option. |
| Systematic Transfer Plan | Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
| Sub-options for STP | Eligible dates for effect | Minimum amount per transfer* | Daily STP amount per transfer | Minimum term / duration applicable |
| Daily |
All Business days |
Rs.200/- |
Rs. 200/- to less than Rs. 500/-
Rs. 500/- to less than Rs. 1,000/-
Rs.1,000/- and above |
30 Business days
12 Business days
6 Business days |
| Weekly |
1st Business day of the week |
Rs. 1,000/- |
- |
12 Installments |
| Monthly |
1st, 5th, 10th, 15th, 20th and 25th of the month |
Rs. 1,000/- |
- |
12 Installments |
| Quarterly |
1st, 5th, 10th, 15th, 20th and 25th day of first month of the 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 balance in the Scheme should be Rs.25,000/- at the time of enrollment. 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 |
**For further details on taxation please refer to the Section on Taxation in the SAI and independently refer to your tax advisor. |
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| Riskometer | This product is suitable for investors who are seeking*:
- Regular income for short term
- Investments in Debt/Money market instruments such that the Macaulay duration of the portfolio is maintained between 1 year to 3 years
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. | |