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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

An open- ended debt scheme 
Quarterly AAUM*  
A) Regular Plan  
` 825.86 cr
B) Direct Plan  
` 806.74 cr
Fund manager
Mr Deepak Agrawal 
Launch Date
May 02,2002
Crisil Short Term Bond Fund Index

Load structure

Entry load
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 ^
0.82 %
Beta ^
Sharpe ^
Alpha ^
8.66 %
Portfolio Modified Duration^
2.24 Yrs
Average maturity^
3.45 Yrs

Expense Ratio


Service tax on management Fees & B15 TER not included


Top 10 Companies As on 31/05/2015

15.02%Power Finance Corporation Ltd.(CRISIL AAA)
6.45%Dewan Housing Finance Corporation Ltd.(CARE AAA)
6.44%Nabha Power Ltd.(ICRA AAA)
5.44%Dalmia Bharat Ltd(ICRA AA-)
5.29%Kotak Mahindra Prime Ltd.(CRISIL AAA)
5.17%Adani Power Ltd(BRICKWORK BWR A1+ (SO))
5.15%Mahindra & Mahindra Financial Services Ltd.(FITCH AAA(IND))
4.11%7.95% Central Government(SOV)
3.39%HDFC Ltd.(ICRA A1+)
3.08%India Infoline Finance Limited(ICRA A1+)

Rating Profile As on 31/05/2015

79.69%AAA, A1+, AAA, AAA(SO), AAA(IND), A1+, AAA, SOV
9.86%AA+(SO), AA, AA-
5.17%BWR A1+ (SO)
3.84%CBLO & Term Deposits & Rev.Repo
1.44%Net Current Assets


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 31/05/2015

11.96Government Dated Securities
7.92Commercial Paper (CP)/Certificate of Deposits (CD)
1.44Net Current Assets
74.84Debentures and Bonds
3.84CBLO & Term Deposits & Rev.Repo

Essential Downloads



* for the quarter of  January - March 2015.  Source: ICRA MFI Explorer. 
^All data as on 31st May 2015.