The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
This product is suitable for investors seeking regular fixed income for the short term with low risk – Blue.
The scheme would have two plans – regular and direct. Both the plans will have two options viz. growth and dividend option.
The scheme will invest upto 100% of assets in debt & money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry and exit load charge will be nil for the scheme. The units of the scheme will be listed on BSE in order to provide liquidity.
Benchmark Index for the scheme is CRISIL Liquid Fund Index.
The scheme will be managed by Rajeev Radhakrishnan.