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Bharti AXA Short Term Income Fund
An Open-ended Income Scheme
Bharti AXA Short Term Income Fund is an open-ended income scheme which seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.
Bharti AXA Short Term Income Fund - Current Investment Strategy
- Bharti AXA Short Term Income Fund will follow an accrual strategy while maintaining an average maturity of 8-9 months in order to deliver superior riskadjusted performance.
- This strategy involves selection of papers of varying maturities, based on the fund managers outlook, in order to maximize the portfolio yield for a given time period. For example, the fund manager wants to invest for a one year tenor.
There are three options:
The option selected would be the one that in the fund manager's outlook would maximize the portfolio yield over 1 yeara) Buy a one year paper b) Buy a three month paper, and after three months, buy a nine month paper c) Buy a six month paper and after six months invest in a six months paper - A ladder approach to portfolio construction will help the fund in capturing higher re-investment yields, on maturity of assets.
- Bharti AXA Short Term Income Fund will invest predominantly in CDs and CPs of a high credit quality
- Bharti AXA Short Term Income Fund has an exit load of 0.50% if redeemed within 30 days from date of allotment
Credit Profile: a portfolio of high quality
Bharti AXA Short Term Income Fund has always maintained a portfolio of high credit quality. Ever since inception of the fund, 100% of the portfolio has been invested in P1+ & equivalent, Sovereign securities and Cash & equivalent.
Scheme Features
| Fund Name: Bharti AXA Short Term Income Fund |
Fund Type: An Open-ended Income Scheme |
| Investment Objective: The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized. The Scheme is not providing any assured or guaranteed returns. |
Fund Manager: Ramesh Rachuri |
| Benchmark: CRISIL Short Term Bond Fund Index |
Plans:
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| Minimum Redemption: The minimum redemption amount shall be Rs.1,000 or equivalent Unit value, or entire account balance whichever is lower. |
Options:
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Current Expense Ratio (Effective date - Sept 1, 2010):
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Entry Load: Nil Exit Load: Regular Plan - 0.50% if redeemed within 30 days from the date of allotment. Institutional Plan - 0.50% if redeemed within 30 days from date of allotment. |
| Special Features: -- |
Date of Allotment: December 18, 2008 |
| Statutory Details: Bharti AXA Mutual Fund has been set up as a Trust (under the Indian Trust Act, 1882) by AXA Investment Managers, Sponsor of the Fund. The Sponsor is not responsible for any loss resulting from the operations of the schemes beyond the contribution of an amount of Rs.1 lakh made by it towards setting up the Mutual Fund. Trustee: Bharti AXA Trustee Services Private Limited, a limited liability company. Investment Manager: Bharti AXA Investment Managers Private Limited, a limited liability company. Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the Scheme's objectives will be achieved and the NAV of the Plans under the Scheme may go up or down depending upon the factors and forces affecting the securities market. Past performance of the Sponsors and their affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme(s) of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. The name of the Scheme does not in any manner indicate either the quality of the Scheme, their future prospects or returns. Bharti AXA Short Term Income Fund is an open-ended income scheme. Investment Objective: The Scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the income can be generated, regular or otherwise, or the investment objectives of the Scheme will be realized. The Scheme is not providing any assured or guaranteed returns. Copies of the Scheme Information Document / Key Information Memorandum / Statement of Additional Information can be obtained at any of our Investor Service Centers or on AMC Website www.bhartiaxa-im.com. Mutual Funds Investments are subject to market risks. Investors are requested to read the Scheme Information Document / Statement of Additional Information / Addenda carefully before investing. |
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| Updated as of 02-Sep-2010 | |||||||||||||||||
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