Debt Products

No investments would be made in foreign securitised debt. The scheme may invest upto a maximum of 50% of the scheme’s net assets in domestic securitised debt. If permitted by SEBI under extant regulations / guidelines, Not more than 25% of the net assets of the scheme shall be deployed in securities lending. The Scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of 5% of the total net assets of the scheme at the time of lending. The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. Investment in derivative instruments may be done for hedging and Portfolio balancing.
Pending deployment of funds of a scheme in securities in terms of investment objectives of the scheme a mutual fund can invest the funds of the scheme in short term deposits of scheduled commercial banks. The above Asset Allocation Pattern is only indicative. The investment manager in line with the investment objective may alter the above patterns for short term and on defensive consideration. The asset allocation among the various debt securities will be decided based upon the prevailing market conditions, macro economic environment and the performance of corporate sector, the debt market and other considerations.
The AMC may in line with investment pattern of the scheme from time to time for a short term period on a defensive consideration invest upto 100% of the funds available in repos, CBLO etc. The primary motive being to protect the Net Asset Value of the Scheme & protect unitholders interest, so also to earn reasonable returns on liquid funds maintained for redemption/repurchase of units.
The Trustee Company may from time to time, for a short term period on defensive consideration, modify / alter the investment pattern / asset allocation, the intention being to protect the Net Asset Value of the Scheme and Unitholders interests, without seeking consent of the unitholders. The investment policies mentioned in this SID are in conformity with the provisions of various constitutional documents VIZ.MOA/AOA of the TAML/Trustee Company, IMA and the Trust Deed. Any change in the asset allocation affecting the investment profile of the scheme shall be effected only in accordance with the provisions of regulations 18-15A of SEBI (Mutual Funds) Regulations, 1996.