The scheme will be benchmarked against NIFTY50 Hybrid Composite Debt 50: 50 Index. Paras Matalia, Umeshkumar Mehta, Dhawal Ghanshyam Dhanan (overseas investment) will manage the scheme.
The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments, foreign securities and units of REITs, INVITs. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long-term capital appreciation while managing downside risk.
According to the scheme information document, the minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter. The minimum application amount for month SIP will be Rs 500 and in multiple of Re 1 with 12 instalments and Rs 1,000 and in multiple of Re 1 with six instalments. The minimum application amount for quarterly SIP will be Rs 1,500 and in multiple of Re 1 with four instalments. The minimum application amount for half-yearly SIP will be Rs 3,000 and in multiple of Re 1 with two instalments.
The scheme will offer regular and direct plans with both growth and IDCW options.
The scheme will allocate 0-100% in equity and equity related instruments including derivatives, 0-100% in debt and money market instruments, including units of debt oriented mutual fund schemes, 0-35% in foreign securities including ADRs / GDRs / foreign equity and debt securities, and 0-10% in units issued by REITs & InvITs. The scheme will operate based on trend following strategies. When the markets are in clear uptrends with lower volatility, equity allocations shall be higher and when markets are breaking down, in correction or bear market phases, net equity allocations shall be zero or at extremely low levels. The scheme will be suitable for investors who are seeking capital appreciation and income generation over medium to long-term, and want investment in a dynamically managed portfolio of equity and equity related instruments and debt and money market securities.
The principal invested in this scheme will be at very high risk as per the riskometer of the scheme.
