NFO period: 10th April ? 24th April, 2023
Highlights of the NFO:
- Scheme type ? An open-ended debt scheme predominantly investing in floating rate instruments. A relatively High Interest Rate Risk and Moderate Credit Risk
- Investment objective ? The primary objective of the scheme is to generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
- Product suitability ? The product is suitable for investors who are seeking regular income over short term by investing horizon. To invest predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/derivatives).
- Minimum Application Amount ? First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available ? Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW option offers payout and reinvestment facilities.
- Fund Managers ? Mr. Mayank Prakash and Mr. Prashant Pimple
- Benchmark ? CRISIL Low Duration Debt Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)