To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments. This income may be complemented by possible capital appreciation. The aim is to optimize returns while providing liquidity.
An Open Ended Liquid Scheme
CRISIL Liquid Fund Index
|Types of instruments||Normal Allocation (% of Net Assets)|
|Money market instruments including, but are not limited to, inter bank call and notice money, Mumbai Inter Bank Offer Rate (MIBOR), linked instruments, repo, reverse repo, treasury bills, commercial paper of public sector undertakings and private sector corporate entities, floating rate paper, deep discount bonds with maturity upto 365 days, certificates of deposits of scheduled commercial banks and development financial institutions, bills of exchange / promissory notes of public sector and private sector corporate entities (co-accepted by banks), government securities with unexpired maturity of one year or less and other money market instruments as may be permitted by SEBI/RBI||Approx. 90-100 (max)|
|Debt Instruments, Govt Bonds Money Market Instruments etc.||Approx 0-10|
The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is time stamped.
For detailed scheme/securities related risk factors, Please refer to the Scheme Information Document.
The Trustee may decide and declare dividend at such rates, as it deems fit, subject to availability of distributable surplus.