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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 
` 2877.50 Cr.
` 2657.25 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 ^
1.08 %
8.37 %
Portfolio Modified Duration^
2.23 Yrs
Average maturity^
2.85 Yrs

Expense Ratio


Service tax on management Fees & B15 TER not included


Top 10 Companies As on 31/05/2016

8.97%Power Finance Corporation Ltd.(CRISIL AAA)
7.93%Reliance Jio Infocomm Limited(CRISIL AAA)
7.91%Rural Electrification Corporation Ltd.(CRISIL AAA)
6.24%Nabha Power Ltd. ( backed by unconditional and irrevocable guarantee by Larsen & Toubro Ltd ) (ICRA AAA)
5.12%National Bank for Agriculture and Rural Developmen(CRISIL AAA)
5.02%Dewan Housing Finance Corporation Ltd.(CARE AAA)
5.02%8.53% State Government(SOV)
4.19%Fullerton India Credit Co. Ltd.(CARE AAA)
4.02%Camden Industries Ltd. ( backed by unconditional and irrevocable undertaking of Axis Capital ) (CARE AAA(SO))

Rating Profile As on 31/05/2016

95.4%A1+, AAA, AAA(SO), IND AAA, SOV
3.96%Net Current Assets
0.33%IND AA
0.31%CBLO & Term Deposits & Rev.Repo


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 31/05/2016

77.3Debentures and Bonds
18.32Government Dated Securities
3.96Net Current Assets
0.31CBLO & Term Deposits & Rev.Repo
0.11Commercial Paper (CP)/Certificate of Deposits (CD)

Essential Downloads



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