The New Fund Offer is open and will close for subscription on March 21.
The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO
The scheme will be managed by Vikash Agarwal.
The performance of the scheme will be benchmarked against NIFTY SDL Plus G-Sec Jun 2027 40:60 Index. The index will mature on Jun 30, 2027 (approximately 4.3 years maturity). As a function of the underlying investments of the scheme, the maturity date of the scheme shall be two days after the maturity of the index or the immediately succeeding business day, if that day is a non-business day.
The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty SDL Plus G-Sec Jun 2027 40:60 Index (Underlying Index), subject to tracking difference.
The Scheme will invest not less than 95-100% of its corpus in the securities representing the underlying index and 0-5% in money market instruments and units of liquid and debt mutual fund schemes.The scheme will have two plans: regular and direct. Each plan offers only the growth option. During the NFO period, the minimum application amount is Rs 100 and any amount thereafter.
The scheme will follow a buy and hold investment strategy in which existing government securities will be held till maturity unless sold for meeting redemptions requirements or to rebalance the portfolio.
The scheme is suitable for investors who are seeking returns that are commensurate (before fees and expenses) with the performance of the NIFTY SDL Plus G-Sec Jun 2027 40:60 Index, subject to tracking difference over long term and investment in government securities/SDL, TREPS on government securities/treasury bills.
