Bharti AXA MF files another offer document

16 Apr 2008 | 11:14

Bharti AXA MF files another offer document

Name of Fund: Bharti AXA Liquid Fund

Scheme: It is an open-ended liquid scheme.

Objective: The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of high quality debt and money market instruments.

Investment options: The scheme offers retail and institutional and super institutional plans. All Plans have growth option and dividend reinvestment option. Institutional and super-institutional plans also offer dividend payout option at a monthly frequency.

Dividend frequency: Dividends will be declared under the dividend re-investment option, in the retail plan with a weekly frequency, and in the institutional and super-institutional plans with daily, weekly and monthly frequencies; and dividend pay-out option in the institutional and super-institutional plans at a monthly frequency.

Asset Allocation: The fund will invest 80%-100% in money market instruments up to 1-year residual maturity. This will have investment in debt instruments including asset backed securities up to 6 months residual or average maturity at the time of purchase or has put options within 6 months. Investment includes floaters up to 6 months of interest re-set frequency and short-term deposits.

It will have an investment of 0-20% in debt instruments (including Asset Backed Securities) beyond 6 months of residual or average maturity at the time of purchase or have put options beyond 6 months and floaters having interest re-set frequency beyond 6 months but up to 1 year.

Investments in Asset Backed Securities will not exceed 20% of the portfolio as at the time of purchase. Floating rate debt instruments are debt instruments issued by Central / State governments, corporates, PSUs, etc. with interest rates that are reset periodically. The periodicity of interest reset could be daily, monthly, quarterly, half yearly, and annually or any other periodicity that may be mutually agreed between the issuer and the Fund.

Face Value: Rs 1000 per unit in cash

Entry Load: The scheme does not charge an entry load.

Exit load: The scheme will not charge exit load.

Minimum Investment Amount: Minimum investment under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore in multiples of Re 1 thereafter. For the super institutional plan, there will be Rs 25 crore as an application amount.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Liquid Fund Index

Fund Manager: Mr. Sujoy Kumar Das.