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.
The scheme offers regular and direct plan. Both the plans will have growth and dividend option.
The scheme will invest 60% to 100% of assets in debt securities and upto 40% of assets in 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 Short Term Bond Fund Index.
The scheme will be managed by Rajeev Radhakrishnan.