Fund Objective
The investment objective of the scheme is to track the CRISIL-IBX Financial Services 3-6 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 3-6 Months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
Notes
The Scheme follows a passive investment strategy. The Scheme seeks to track the CRISIL-IBX Financial Services 3-6 Months Debt Index subject to tracking error. Accordingly, the Scheme will invest in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 3-6 Months The portfolio of eligible securities invested by the Scheme is expected to have, in aggregate, fundamental characteristics such as modified duration, weighted average maturity, aggregate credit ratings, aggregate Yield to Maturity (YTM) etc. along with other liquidity parameters in line with CRISIL-IBX Financial Services 3-6 Months Debt Index. The Macaulay Duration of Scheme shall replicate the duration of the index, in line with SEBI Master Circular, subject to maximum permissible deviation of +/- 10%.
