Debt Products

** At the time of Investment
No investments would be made in foreign securitised debt.
For calculation of Gross Derivative Exposure, all types of derivative exposure i.e. long & short term will be aggregated. The aggregate exposure to Debt Instruments, Gross Derivative Exposure & Money Market instruments (excluding CBLO, REPO & others cash equivalents instruments) will not exceed 100% of the net assets of scheme. 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 & Portfolio balancing.
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.
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 & on defensive consideration. The asset allocation among the various debt securities will be decided based upon the prevailing market conditions, macro economic environment & the performance of corporate sector, the debt market & 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 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 & 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.