The scheme seeks to generate regular income through investments in fixed income securities so as to make regular dividend distribution to unitholders seeking the dividend option. The secondary objective of the scheme is to generate long-term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.
The scheme shall offer cumulative and dividend option. Cumulative option shall also have the facility of Automatic Encashment Plan. Dividend option shall have dividend payout and dividend reinvestment facility with dividend reinvestment as default facility.
The scheme would allocate 90% to 100% of assets in debt securities, money market instruments & cash. It would further allocate upto 10% of assets in equities & equity related 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 1% 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 from the date of allotment the exit load charge will be nil.
Minimum application amount under cumulative option will be Rs 5000 and Rs 25000 under dividend & automatic encashment plan.
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 MIP Blended Index.
The fund manager of the scheme will be Mr. Kuldeepsinh Jagtap
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
Posts
No comments:
Post a Comment