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The investment objective of the Scheme is to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets. The Scheme may invest in the call money/term money market in terms of RBI guidelines in this respect.

To reduce the risk of the portfolio, the Scheme may also use various derivative and hedging products from time to time, in the manner permitted by SEBI.

Subject to the maximum amount permitted from time to time, the Scheme may invest in offshore securities in the manner allowed by SEBI/RBI, provided such investments are in conformity with the investment objective of the Scheme and the prevailing guidelines and Regulations.

There is no assurance that the investment objective of the Scheme will be realised.

 

Scheme Facts

Structure
An open- ended debt scheme 
AUM*  
` 2877.50 Cr.
AAUM*  
` 2657.25 Cr.
Fund manager
Mr Deepak Agrawal 
Launch Date
May 02,2002
Benchmark
Crisil Short Term Bond Fund Index

Load structure

Entry load
Nil
Exit load
Revised exit load structure is applicable effective December 11, 2014: 1)For redemption / switch outs ( including SIP / STP ) within 30 days from the date of allotment of units , irrespective of the amount of investment : 0.25 %
2)For redemptions / switch outs ( including
SIP / STP ) after 30 days from the date of allotment of units , irrespective of the amount of investment : Nil.
3) Any exit load charged (net of service tax, if any) shall be credited back to the scheme ( applicable for all plans)

Other details

 
Min. Initial Inv.
` (a) Dividend Re-investment
& Growth -` 5000 &
above (b) Dividend Payout (Monthly Dividend )- ` 50,000 & above
Additional Inv.
` 1000 & in multiples of ` 1
 
Standard Deviation ^
1.08 %
YTM^
8.12 %
Portfolio Modified Duration^
2.02 Yrs
Average maturity^
2.54 Yrs

Expense Ratio

BOND - SHORT TERM - 1.35%
BOND - SHORT TERM-DIRECT - 0.25%

Service tax on management Fees & B15 TER not included

 

Top 10 Companies As on 30/04/2016

8.24%Reliance Jio Infocomm Limited(CRISIL AAA)
7.06%8.4% Central Government(SOV)
6.49%Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (ICRA AAA)
5.70%AXIS Bank Ltd.(CRISIL A1+)
5.22%Dewan Housing Finance Corporation Ltd.(CARE AAA)
5.15%91 Days Treasury Bill 07/07/2016(SOV)
4.88%Camden Industries Ltd. ( backed by unconditional and irrevocable undertaking of Axis Capital ) (CARE AAA(SO))
4.41%Power Finance Corporation Ltd.(CRISIL AAA)
4.36%Mandava Holdings Private Limited ( backed by unconditional and irrevocable undertaking by Axis Capital ) (ICRA AAA)
4.36%Fullerton India Credit Co. Ltd.(CARE AAA)
 

Rating Profile As on 30/04/2016

96.39%A1+, AAA, AAA(SO), IND AAA, SOV
5.49%CBLO & Term Deposits & Rev.Repo
0.35%IND AA
-2.23%Net Current Assets
 

SUITABLE FOR INVESTORS WHO ARE SEEKING*

income over a medium term horizon


investment in debt & money market securities


*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
 

Sector Allocation As on 30/04/2016

19.14Government Dated Securities
14.69Commercial Paper (CP)/Certificate of Deposits (CD)
5.15Treasury Bills
5.49CBLO & Term Deposits & Rev.Repo
57.76Debentures and Bonds
-2.23Net Current Assets

Essential Downloads

Disclaimer

 

* for the quarter of  January - March 2016.  Source: ICRA MFI Explorer. 
^All data as on 30th April 2016.