Today's Top Gainer
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The objective of the Scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.
The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend payout facility, dividend re-investment facility and dividend frequency-payout: Weekly, reinvestment: Daily, Weekly.
The scheme shall invest 0%-100% of assets in Treasury bills, government securities, (Tri Party Repo), Debt (Only PSU, PFI and other quasi government bodies) and money market instruments* with maturity on or before the next business day with low risk profile.
Minimum initial purchase amount is Rs 100 and in multiples of Re 1 thereafter.
Minimum additional purchase amount is Rs 100 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load: Not applicable
Exit load: Nil
Benchmark Index for the scheme is NIFTY 1D Rate Index.
The fund managers of the scheme are Kumaresh Ramakrishnan and Kunal Jain.
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