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An Open-ended Income Scheme - Short Term Income Fund

This scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities

. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized. The Scheme does not provide any assured or guaranteed returns. The minimum redemption amount is Rs.1000, the equivalent Unit value or even the entire account balance, whichever is lower.

The two plans within this fund are the Regular plan and the Institutional plan. With flexible options such as the growth option for capital appreciation, dividend reinvestment option for regular income and dividend payout option for regular income. Both the latter options come with the flexibility of weekly, monthly and quarterly frequency of dividend payout. With a benchmark of the CRISIL Short Term Bond Fund Index, the entry load into this scheme is nil while the exit load is 0.25% if redeemed within 15 days from the date of allotment. This is applicable for both the Regular Plan as well as the Institutional Plan.

The minimum application amount varies between the two plans. The Regular Plan is at a purchase rate of Rs.5000 and in multiples of Re.1 with additional purchases at Rs.1000 and in multiples of Re.1. The Institutional Plan on the other hand has a purchase rate of Rs. 25 Lakhs and in multiples of Re.1 with an additional purchase rate of Rs. 100000 and in multiples of Re.1. The money market securities, debt securities and other debt instruments with average maturity less than or equal to 370 days have a normal asset allocation of 30% to 100% accompanied by a low to medium risk profile. On the other hand, debt instruments including government securities, corporate debt, securitized debt and other debt instruments with average maturity greater than 370 days have a 0% to 70% asset allocation pattern with a medium risk profile.

For more information about Short Term Income Fund

by: Ramesh Narayan
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