The investment objective of the scheme is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments.
The scheme shall offer two options i.e. dividend, monthly, quarterly dividend and growth option under both regular and direct plan. Dividend has dividend re-investment and dividend payout facility.
The scheme shall invest 65% - 90% of assets in equity & equity related securities with medium to high risk profile and invest 20% - 75% of asset in of which cash future arbitrage opportunities with low to medium risk profile and invest 20% - 50% of asset in of which net long equity position with medium to high risk profile and invest 10% - 35% of asset in debt and money market securities (including securitized debt & margin for derivatives) with low to medium risk profile and invest upto 10% asset in Units issued by REITs & InvITs with medium to high risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.
The minimum additional amount is Rs 1000 and in multiples of Re. 1/- thereafter without any upper limit.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load: Nil
Exit load: 1% - if redeemed on or before 1 year from the date of allotment.
Nil - if redeemed after 1 year from the date of allotment.
The performance of the scheme will be benchmarked against 40% CRISIL Liquid Fund Index, 30% CRISIL Composite Bond Fund Index and 30% S&P BSE 200.
The fund managers of the scheme are V Srivasta (Equity Portfolio) and Sunil Patil (Debt Portfolio).
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