|Nature of Scheme||Open Ended High Liquidity Income Scheme|
|Inception Date||February 06, 2002|
|Option/Plan||Existing Plan : Growth Plan,Daily Dividend Option. The Dividend Plan offers Reinvestment Facility Only.
Direct Plan (w.e.f. 01 Jan 2013) : Growth Plan,Daily Dividend Option. The Dividend Plan offers Reinvestment Facility Only.
(For Lumpsum Purchases and investments through SIP/STP)
Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.
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(as a % of the Applicable NAV)
|Minimum Application Amount||For New investors : Rs.10000 and any amount thereafter (Under each Option)
For Existing investors : Rs.5000 and any amount thereafter (Under each Option)
|Net Asset Value Periodicity||All year round.|
|Redemption Proceeds||Normally despatched within 1 Business day|
(As per present Laws)
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|Current Expense Ratio (#)
(Effective Date 3rd October 2012)
Excluding Service Tax on Investment Management Fees, if any.
Direct Plan shall have a lower expense ratio by 0.05%.
(#) Any change in the expense ratio will be updated within two working days.
|Sr.No||Asset Type||(% OF PORTFOLIO)||Risk Profile|
|1||Debt and Money Market instruments (including MIBOR linked instruments with daily put and call option )||Upto 100||Low to Medium|
Pursuant to Circular SEBI/IMD/CIR No. 13/ 150975/ 09 dated January 19, 2009 issued by SEBI, the characteristics of portfolio of the Liquid Schemes are as follows:
(A) Effective February 1, 2009 till April 30, 2009:
(i) The Liquid Schemes shall make investment in/ purchase debt and money market securities with maturity of upto 182 days only.
(ii) In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater than 182 days.
(B) Effective May 1, 2009:
(i) The Liquid Schemes shall make investment in/ purchase debt and money market securities with maturity of upto 91 days only.
(ii) In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater than 91 days.
The explanatory notes relating to the provisions laid under (A) and (B) above are as follows:
a) In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted average maturity of security.
b) In case the maturity of the security falls on a non-business day then settlement of securities will take place on the next business day.
c) Further, inter-scheme transfers of securities having maturity of upto 365 days and held in other schemes as on February 01, 2009 shall be permitted in the Liquid Schemes till October 31, 2009. With effect from November 1, 2009 such inter-scheme transfers of securities held in other schemes having maturity of upto 91 days only shall be permitted in the Liquid Schemes.
In view of the above revised provisions, the characteristics of the Portfolio of Liquid Schemes introduced vide Addendum dated October 12, 2006 stands withdrawn effective February 1, 2009.