The scheme will have Retail Plan and Institutional Plan with a common portfolio. Default Plan- Retail. Each Plan under the Scheme will further have Dividend and Growth Options. Further, Dividend option shall have Payout and Reinvestment facility. Default Option/Facility - Growth Option/Dividend Reinvestment.

The minimum application amount under retail plan is Rs. 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional plan is Rs 1 lakh and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

1. Entry Load

As per SEBI circular dated April 4, 2006 ref SEBI/IMD/Cir No. 1/64057/06, close end schemes are not permitted to charge entry load. Hence the scheme being close ended, no entry load is charged during the new fund offer period.

2. Exit Load: (Depending upon the final maturity period of the scheme)

Redemptions made on the maturity date of the series under the scheme do not attract any exit load. Redemptions made after the date of allotment but before the maturity will be charged exit load as under:

A: During the first 180 days from the date of allotment will attract an exit load on the amount sought to be redeemed at the rate of 2.00% of the NAV.

B. After 180 days but before the Maturity date will attract an exit load on the amount sought to be redeemed at the rate of 1.00% of the NAV

The mutual fund seeks to raise a minimum subscription amount of Rs.10,00,000 during the NFO period.

The Benchmark Index for the scheme would be Crisil Short Term Bond Fund Index.

As per the present tax laws, the income distributed by the scheme is exempt in the hands of investors. Units of the Scheme are not subject to Wealth Tax and Gift Tax. There will also be no tax deduction at source on redemption irrespective of the redemption amount for resident investors.

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