Nature of the Scheme
An open-ended Equity oriented scheme
Investment Objective
The objective of the Scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments Gold ETFs and Debt and Money Market Instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Investment Strategy
The Broad investment strategy of the scheme will be to invest in equity and equity related securities of companies including those in the derivatives segment. The Scheme aims to build and maintain a diversified portfolio of equity stocks that has the potential to appreciate in the long term. Companies identified for selection in the portfolio will have the potential to grow at a reasonable rate in the long run.
Asset Allocation
Equity & Equity Related Instruments 65 - 100%
Gold ETFs 0 - 35%
Debt and money market instruments 0 - 35%
For investment in Gold assets, the fund will take gold ETFs route. Gold ETFs will be selected based on their performance track record and expense ratio.
Plans / options available
The scheme offers two plans i.e. Retail Plan and Institutional Plan with following options;
i) Growth Option
Ordinarily under this option no dividend distribution will be made and all accrued and earned income will be ploughed back and returns will be reflected through growth in the NAV.
ii) Dividend Option
Dividend distribution, if any, under the scheme will be made subject to availability of distributable surplus and other factors and a decision is taken by the Trustee to make dividend distribution.
New Fund Offer Price
During the New Fund Offer Period, the units of the fund will be sold at face value i.e. Rs. 10/- plus load as applicable.
Minimum Investment Amount
Retail Plan - Rs.5,000/- and in multiples of Re. 1/-
Institutional Plan - Rs.1 Crore and in multiples of Re. 1/-
Purchase & Redemption of units
During the New Fund Offer period, the units of the fund will be sold at face value i.e. Rs.10/- plus load as applicable.
Post NFO the Scheme will be open for subscription during each calendar month subject to the condition that not more than 10% of the number of outstanding units allotted as on the last business day of the previous month would be available for the sale in the immediately following month.
The Scheme will offer redemption of units at NAV based prices on every business day on an on-going basis not later than 30 days from the closure of the New Fund Offer Period.
Load Structure
Retail Plan
Entry Load - 2.25%
Exit Load - 1% if exited within 12 months
Institutional Plan
Entry Load - 0%
Exit Load - 0.5% if exited within 6 months
Product Add ons
The scheme offers Systematic Investment Plan (SIP) and Systematic Transfer Investment Plan (STRIP). Post NFO only.
Net Asset Value
NAV will be declared on a daily basis within 30 days of the date of closure of the New Fund Offer period.
Benchmark Index
* BSE 100 for the Equity part of the Portfolio,
* CRISIL Bond Fund Index for Debt and Money Market Instruments.
* Price of Gold as per SEBI Regulations for Gold ETFs in India
Fund Manager
Mr. Harsha Upadhaya
Registrar
M/s Karvy Computershare Private Limited
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