Bharti AXA Short Term Income Fund
Scheme: An open-ended income scheme.
NFO Opens: 03 December 2008
NFO closes: 10 December 2008
Re-opens on: 22 December 2008
New Issue price: Rs 10 per unit.
Investment Objective: The scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.
Investment Options: The scheme offers Regular and Institutional plan with growth and dividend option. The dividend option offers only dividend re-investment and payout facility.
Asset Allocation: The fund will invest up to 30% to 100% in money market securities including government securities, corporate debt, securitized debt and other debt instruments with average maturity less than or equal to 370 days or have put options within a period not exceeding 370 days. The scheme may invest upto 70% in debt instruments including government securities, corporate debt, securitised debt and other debt instruments with average maturity greater than 370 days.
Investment in securitised debt will not exceed 20% of the net assets as the time of purchase. Investment debt derivatives would be upto 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.
Entry Load: The scheme will not charge any entry load
Exit Load: The scheme will charge 0.250% as an exit load if redeemed within 30 days from the date of allotment.
Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. And the minimum application amount under institutional plan is Rs 1 crore and multiples of Re 1 thereafter.
Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore under each series during NFO.
Benchmark Index: Crisil Short Term Bond Fund Index.
Investment Options: The scheme offers Regular and Institutional plan with growth and dividend option. The dividend option offers only dividend re-investment and payout facility.
Asset Allocation: The fund will invest up to 30% to 100% in money market securities including government securities, corporate debt, securitized debt and other debt instruments with average maturity less than or equal to 370 days or have put options within a period not exceeding 370 days. The scheme may invest upto 70% in debt instruments including government securities, corporate debt, securitised debt and other debt instruments with average maturity greater than 370 days.
Investment in securitised debt will not exceed 20% of the net assets as the time of purchase. Investment debt derivatives would be upto 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.
Entry Load: The scheme will not charge any entry load
Exit Load: The scheme will charge 0.250% as an exit load if redeemed within 30 days from the date of allotment.
Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. And the minimum application amount under institutional plan is Rs 1 crore and multiples of Re 1 thereafter.
Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore under each series during NFO.
Benchmark Index: Crisil Short Term Bond Fund Index.
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