HOMEType of Scheme: An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Investors understand that their principal will be at Moderately low risk.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Launch Date: 17 October, 2019
Asset Allocation
| Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
|
Debt and Money Market Instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds. |
80% | 100% | Low to Medium |
|
Debt and Money Market Instruments issued by other entities, Government Securities issued by Central and State Government. |
0% | 20% | Low to Medium |
| Units issued by REITs and InvITs | 0% | 10% | Low to Medium |
Benchmark Index: CRISIL Banking and PSU Debt Index.
Investment Strategy: The Scheme seeks to maximize risk adjusted returns to the investor through an active management of the portfolio, by elongating the duration of the portfolio in a falling interest rate scenario and reducing the duration at a time when interest rates are moving up.
The Fund Manager would seek to enhance returns by trading on the shape of the yield curve in the short to medium time frame and also on the differentiated premia offered by the market to different issuers of debt.
The portfolio would be constructed with a judicious mix of instruments issued by the universe of eligible issuers across the spectrum. The fund predominantly (minimum 80%) invests in securities issued by Banks, PSUs and PFIs. These securities are expected to have relatively high liquidity and thus investments are likely to be skewed towards "Triple A" (AAA) or A1+ assets.
Portfolio maturity is determined after analyzing the macroeconomic environment including future course of system liquidity, interest rates and inflation along with other considerations in the economy and markets.
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Nature of the Scheme :An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
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Benchmark Index :CRISIL Banking and PSU Debt Index.
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Load Structure :Entry Load: Not Applicable,
Exit Load: Redemption/Switch on or before 3 days of subscription: 0.25%,
Post completion of 3 days: Nil -
Options :Growth, Dividend (Pay-out & Re-investment).
All these Options/Sub-Options have Direct & Regular Plan -
Minimum Application Amount :Rs. 500 and in multiples of Rs. 1 thereafter
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Minimum Additional Purchase Amount :Rs. 500 and in multiples of Rs. 1 thereafter (For Systematic Investment Plan (SIP).
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SIP :Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)/
Systematic Withdrawal Plan (SWP)facilities are available
