Scheme: A close-ended debt fund. The maturity profile of the plan would be 1106 days.

Objective: The investment objective of the Plan under the scheme is to seek to invest in short term and medium term debt instruments with fixed and floating payouts linked to the equity indices normally maturing in line with the time profile of the plan.

Asset Allocation: The fund would invest up to 100% in money market instruments, short term and medium term debt securities/debt instruments and securitised debt. The investments in central and state government securities will be in normal circumstances limited to 50% of the net assets of the scheme. The investment in securitised debt will be 50% of the net asset and derivative instruments to the extent of 50% of the net assets of the scheme. It is proposed to make investments in debt securities having tenure of 3 years. Investment in equity index linked debt instruments will be up to 80% of the net assets.

Fund Opens: 8 January 2008

Fund Closes: 8 February 2008

Face Value: Rs 10

Investment Options: The Plan under the scheme has three options- retail option, institutional option, and institutional option I. However presently, only retail option is available for investment. Retail option has cumulative sub-option and dividend sub-option. Dividend payout is available under dividend sub-option. Cumulative sub option shall be the default sub- option. Institutional I option will be available only to those investors who use specified application form evidencing presence of underlying investors who are making direct investments in the scheme.

Load: Due to its close-ended structure the scheme does not charge any entry load. There will be an exit load of 5.00% of applicable NAV for the redemption made during the repurchase facility period.

Minimum Investment Amount: The minimum application amount under retail option is Rs. 5000 and in multiple of Re 1 thereafter. Under institutional option, the minimum application amount is Rs 2 crore and in multiples of Re 1 thereafter. Minimum investment amount for institutional option I is Rs 10 crore and in multiples of Re 1 thereafter.

Fund Manager: Mr. Chaitanya Pande.

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