Indiabulls Monthly Income Plan
Type of Scheme: An Open-ended Debt Scheme (Monthly Income is not assured and is subject to availability of distributable surplus)
Investment Objective: The primary objective of the Scheme is to generate regular monthly returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity securities. Monthly Income is not assured and is subject to availability of distributable surplus. However, there can be no assurance that the investment objective of the scheme will be achieved.
This product is suitable for investors who are seeking*
Capital appreciation and provide regular income over a long period of time
Investment primarily in debt securities to generate regular returns and investment of a portion of the Scheme's assets in equity securities to generate long-term capital appreciation
Investors understand that their principal will be at moderate risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Indicative allocation (% of total assets)
Money market and Debt instruments
Equity and equity related securities
Medium to High
Equity Investments- The scheme endeavors to invest in well managed sustainable businesses whose shares are available at reasonable value through a process of disciplined research. The portfolio of securities will be well diversified across sectors, so identified, to mitigate overall risk. As the scheme is expected to be part of the core long-term holdings of our investors, we will adopt a well-balanced and prudent style of fund management that will endeavor to deliver good returns at controlled levels of risk.
Debt Investments- The Scheme will retain the flexibility to invest in the entire range of debt instruments and money market instruments. Investment in Debt securities and Money Market Instruments will be as per the limits in the asset allocation table of the Scheme, subject to permissible limits laid under SEBI (MF) Regulations. The actual percentage of investment in various fixed income securities will be decided after considering the prevailing political conditions, the economic environment (including interest rates and inflation), the performance of the corporate sector and general liquidity and other considerations in the economy and markets. The investment management team is allowed full discretion to make sale and purchase decisions within the limits established.
Type of Scheme :
An Open-ended Debt Scheme
Growth Option & Dividend Option.
The Dividend option has the
following facilities: Dividend Re-investment
Facility & Dividend Pay-out Facility
Minimum application amount :
Rs. 500 and in multiples of Re. 1
thereafter Rs. 500 and in multiples
of Re. 1 thereafter
(For Systematic Investment Plan )
Minimum additional purchase amount :
Rs. 500 and in multiples of Re. 1 thereafter
Minimum redemption amount :
Minimum of Rs. 500 or account balance,
whichever is lower and in multiples
of Re. 1 thereafter
Load Structure :
Entry : Not Applicable
Exit : 1% if redeemed/switched out
within first year, NIL if redeemed/switched
out after one year.
CRISIL MIP Blended Index
Mr. Malay Shah (Head – Fixed Income)
He has around 12 years of experience in the field of finance. He has exposure to Debt – Dealing and Fund Management. Prior to joining Indiabulls Asset Management Company Limited, he was working in the capacity of Head – Fixed Income with Peerless Funds Management Co. Ltd, managing all the debt schemes namely Liquid, Ultra Short Term, Short Term, Income Plan, Child Plan, Dynamic Bond and FMPs.
Mr. Sumit Bhatnagar (Fund Manager – Equity)
Mr. Sumit Bhatnagar has over 14 years of experience in Banking & Capital Markets. At Indiabulls Mutual Fund, Sumit played a pivotal role in setting up the AMC systems & processes and in framing business strategy, designing business plan and products for the AMC he is an MBA (Finance) from University of Toronto & a CFA.
**Disclaimer: CARE’s fund credit quality rating is not a recommendation to purchase, sell or hold a security / fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations to the investors. The ratings are based on current information furnished to CARE by the issuer or obtained by CARE from sources it considers reliable. CARE does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CARE does not perform an audit in connection with any rating and may, on occasion, rely on unaudited information. The ratings may be changed, suspended or withdrawn as a result of changes in, or unavailability of, such information, or based on other circumstances. Funds rated by CARE have paid a rating fee.