|This product is suitable for investors who are seeking*: |
- Long term investment
- Investment in equity shares to deliver benefits of investment, tax deduction under Section 80 C of IT Act, 1961 and probable income from scheme surplus.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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The prime objective of scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under section 80 C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
|Instrument ||Normal Allocation (% of Net Assets) ||Risk Profile |
|Equities, Cumulative Convertible Preference Shares, and Fully Convertible Debentures (FCDs) & Bonds* ||80-100% ||Medium |
|Money market instruments ||0 – 20% ||Low |
* Investment shall also be made in Partly Convertible Debentures (PCDs) and bonds including those issued on rights basis subject to the condition that as far as possible the non-convertible portion of the debentures so acquired or subscribed shall be divested within a period of 12 months. The balance funds shall be invested in short term money market instruments or other liquid instruments or both. The investment process as above will be completed within six months. In the interim period the funds will be invested in short term money market instruments or other liquid instruments or both. After 6 months from the closure of the scheme, the fund may invest an amount not exceeding 15% of the resources mobilised in money market and other liquid instruments could go upto 20% of the net assets of the scheme.
|Date of Inception ||31/03/1993 |
|Minimum Application ||Rs. 500/-& in multiples of Rs. 500 |
|Entry Load ||N.A. |
|Exit Load ||NIL |
|SIP ||Rs.500/& in multiples of Rs. 500 |
|SWP ||Rs. 500 per month or quarter |
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