|Type of scheme||
A close-ended debt scheme|
|Tenure of the scheme||
CRISIL Medium Term Debt index |
The scheme would have two plans viz. Direct Plan & Regular Plan.|
|Minimum Application Amount||
Rs. 5,000/- and in Multiples of Rs. 1 thereafter|
The Units under the Scheme will mandatorily be listed on NSE. Further, the AMC may at its discretion list the units on any Stock Exchange.|
| Debt* ||70%||100%||Low to Medium|
| Money Market Securities ||0%||30%||Low to Medium|
*Exposure to domestic securitized debt may be to the extent of 40% of the net assets.
The maximum debt derivative position will be restricted to 50% of the Net Assets of the scheme. The total gross exposure through investment in debt + money market instruments + derivatives (fixed income) shall not exceed 100% of net assets of the Scheme. Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure. The exposure to derivatives will be restricted to hedging and portfolio balancing as permitted under the SEBI (Mutual Funds) Regulations, 1996 from time to time.
The Scheme shall not invest in foreign securitized debt.
The Scheme shall invest in repo in corporate debt.
The Scheme shall not make any investment in ADRs / GDRs / Foreign Securities and also shall not engage in short selling /securities lending.