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| Nature | An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.#
# please refer to the Scheme Information Document (SID) on which the concept of Macaulay’s duration has been explained. |
| Investment Objective | The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. 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 3 months to 6 months. |
| Fund Manager | Mr. Bhupesh Kalyani |
| Benchmark | CRISIL Ultra Short Term Debt Index |
| Face Value | Rs. 1000/- per unit. |
| Entry Load | Not Applicable |
| Exit Load | NIL |
| 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 frequency of Dividend declaration: | Sub-Option under Dividend Option | Record date/day | Mode of dividend | | Daily | Daily | Compulsory reinvestment. No payout / sweep | | Weekly | Monday | Payout / Reinvestment / Dividend Sweep | | Monthly | 25th of every month | Payout / Reinvestment / Dividend Sweep | |
| 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 minimum period of 12 months or Rs. 1,000 per month for a minimum period of six months.
Quarterly Option - Rs.1,500 per quarter for a minimum period of 4 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 (STP) | 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/- |
Weekly STP : 12 Installments; |
- |
| Monthly |
1st, 5th, 10th, 15th, 20th and 25th day of the month |
Rs. 1,000/- |
Monthly STP : 12 Installments; |
- |
| Quarterly |
1st, 5th, 10th, 15th, 20th and 25th day of first month of the each quarter |
Rs. 2,500/- |
Quarterly STP : 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 |
| Riskometer | This product is suitable for investors who are seeking*:
- Regular income for short term
- Investments in Debt/Money Market Instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. | |