Scheme: A close-ended debt fund.

Objective: The investment objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.

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 plan. 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 480 days.

Fund Opens: 10 January 2008

Fund Closes: 17 January 2008

Face Value: Rs 10

Investment Options: There are two options available under the scheme viz. retail and institutional option. The cumulative and dividend sub-options are available under the scheme. The dividend payout is the only facility available under dividend sub-option. Retail option shall be the default option and cumulative sub-option shall be the default sub-option.

Load: Due to its close-ended structure the scheme does not charge any entry load. There will be an exit load of 2.00% of the applicable NAV for the redemption made during the repurchase facility period.

Minimum Investment Amount: The minimum investment amount under retail plan is Rs. 5000 and in multiples of Re.1 thereafter The minimum investment amount under institutional plan is Rs. 1 crore and in multiples of Re. 1 thereafter

Fund Manager: Mr. Chaitanya Pande.

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