Bharti AXA MF files an offer document

16 Apr 2008 | 11:01

Bharti AXA MF files an offer document

Name of Fund: Bharti AXA Treasury Plus

Scheme: It is an open-ended income 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 plans. Both plans have growth option and dividend reinvestment option. Institutional plan also offers dividend payout option with monthly dividend frequency.

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

Asset Allocation: The fund will invest 50%-100% in money market instruments up to 1-year residual maturity. This includes 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 0-50% 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 charge 0.25% an entry load for purchase / switch-in of before 7 days from the date of allotment. There will be no exit load charged on the redemption made on the day of maturity.

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.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Liquid Fund Index

Fund Manager: Mr. Sujoy Kumar Das.