The scheme intends to provide reasonable returns, by maintaining an optimum balance of safety, liquidity and yield, through investments in a basket of debt and money market instruments with a view to delivering consistent performance.
The scheme shall offer growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facility with dividend reinvestment as default facility.
The scheme would allocate upto 100% of assets in debt securities (including government securities) with maturity more than 1 year. It would further allocate upto 100% of assets in money market securities.
Entry load will be nil for the scheme. If the amount sought to be redeemed or switched out is invested upto 1 year an exit load of 2% of the applicable NAV will be charged. If the amount sought to be redeemed or switched out is invested for a period of more than 1 year the exit load charge will be nil.
Minimum application amount will be Rs 15000.
The minimum subscription (target) amount of Rs 1 lakh is expected to be raised during the NFO period.
The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index.
The fund manager of the scheme will be Chaitanya Pande.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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