The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
Investments in this scheme would be subject to a statutory lock-in of 3 years.
Fund will be investing in equity & equity related instruments as also debt instruments, and money market instruments.
In line with CBDT guidelines, the Fund will invest at least 80% of the net assets in equity and equity related instruments.