Scheme type - An open-ended ultra short-term debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between – 3 to 6 months. A relatively low-interest rate risk and moderate credit risk.
Investment objective - The primary objective of the Scheme is to generate income through investment in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Product suitability - This product is suitable for investors who are seeking to generate regular income over short term. Investment in debt and money market instruments such that Macaulay duration of the portfolio is between 3-6 months.
Minimum Application Amount - Minimum of Rs. 100 and in multiples of 1 thereafter
Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).
Fund Managers - Mr. Rahul Dedhia & Mr. Kedar Karnik
Benchmark - CRISIL Ultra Short Duration Debt A-I Index