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Objective : To generate income through investments in a range of Debt and Money Market Instruments of various maturities with a view to maximise income while maintaining an optimum balance between yield, safety and liquidity.
Structure : Open Ended Income Scheme with no assured returns.
Inception Date : September 03, 2004
Plans and Options under the Plan :
Growth Option, Daily Dividend Option with compulsory Dividend re-investment, Weekly Dividend Option with compulsory Dividend re-investment, Quarterly Dividend Option and Half-Yearly Dividend Option. The Quarterly & Half-Yearly Dividend Options offer Dividend Payout and Dividend Re-investment facilities.
Face Value (Rs/Unit): Rs. 10
Minimum Investment :
Growth Option: Rs 5000; Daily Dividend Option: Rs. 10,00,000; Weekly Dividend Option: Rs.1,00,000; Quarterly Dividend Option and Half-Yearly Dividend Option: Rs. 20,000
Entry Load : For amount less than Rs. 5 crore, Entry Load is 2.25%. For amount greater than Rs. 5 crore, Entry Load is Nil.
Exit Load : (A) 1% of NAV, if the amount invested is less than Rs. 5 crores and redemption is made before 6 months. (B) Nil - if (i) Original investment is Rs. 5 crores or more per transaction. Or (ii) Redemption request made on/after 6 months from date of allotment irrespective of original investment.
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