TYPE OF SCHEME

An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)
SCHEME CATEGORY

Retirement Fund
SCHEME CHARACTERISTICS

Lock-in of 5 years or till retirement age,whichever is earlier
INVESTMENT OBJECTIVE

The Fund seeks to provide investors regular income under the Dividend Plan and capital appreciation under the Growth Plan.
DATE OF ALLOTMENT:

March 31, 1997
FUND MANAGER(S):

Anuj Tagra (w.e.f. April 30, 2024) (Debt)
Pallab Roy (w.e.f. March 07, 2024)
Rajasa Kakulavarapu (Equity)
Ajay Argal (w.e.f. October 4, 2024)
BENCHMARK:

CRISIL Short Term Debt Hybrid 60+40 Index (The Benchmark has been changed from 40% Nifty 500+ 60% Crisil Composite Bond Index to CRISIL Short Term Debt Hybrid 60+40 Index w.e.f 12th August, 2024.)

MATURITY & YIELD$
RESIDUAL MATURITY / AVERAGE MATURITY	4.68 years
ANNUALISED PORTFOLIO YTM#	7.43%
MODIFIED DURATION	3.31 years
MACAULAY DURATION	3.50 years
#Yields of all securities are in annualised terms $ Calculated based on debt holdings in the portfolio

EXPENSE RATIO^#: 2.29%
EXPENSE RATIO^# (DIRECT) : 1.56%
^# The above ratio includes the GST on Investment Management Fees. The rates specified are the actual expenses charged as at the end of the month. The above ratio also includes, proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets, wherever applicable.

MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTORS:

Rs 500/1
MINIMUM INVESTMENT FOR SIP

₹ 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:

Rs500/1
LOAD STRUCTURE:

Entry Load	:	Nil
Exit Load (for each purchase of Units)	:	3%, if redeemed before the age of 58 years (subject to lock-in period) and target amount Nil, if redeemed after the age of 58 years
Different plans have a different expense structure Retirement age : 60 years
TAX BENEFITS
Investments will qualify for tax benefit under the Section 80C as per the income tax act
LOCK-IN PERIOD & MINIMUM TARGET INVESTMENT
For investment (including registered SIPs and incoming STPs) made on or before June 1, 2018: Three (3) full financial years For investments (including SIPs & STPs registered) made on or after June 4, 2018: 5 years or till retirement age (whichever is earlier) Minimum target investment Rs 10,000 before the age of 60 years.