The new fund offer or NFO of the scheme will open for subscription on December 4 and will close on December 18. The scheme will reopen for continuous sale and repurchase on January 1.
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The scheme will be benchmarked against 65% Nifty 50 TRI + 20% CRISIL Short Term Bond Fund Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver. The scheme will be managed by Nirali Bhansali, Umeshkumar Mehta, and Dhawal Ghanshyam Dhanani.
The minimum investment amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For SIP, the minimum investment amount is Rs 500 and above with a minimum of 12 instalments.
The scheme will offer regular and direct plans both with growth options.10% of units can be redeemed without an exit load within 12 months of allotment. Any redemption in excess of such a limit in the first 12 months will incur a 1% exit load. No exit load, if redeemed or switched out after 12 months from the date of allotment of the unit.The scheme will allocate 20-80% in equity and equity-related instruments, 10-80% in debt and money market instruments, 10-80% in units of Gold ETF, Silver ETF & Gold Related Instruments (which may be permitted under SEBI Regulations from time to time) & any other mode of investment in commodities (excluding commodity derivatives), 0-30% in Exchange Traded Commodity Derivatives (ETCDs), and 0-10% in units issued by REITs / InvITs.Also Read | SBI Quant Fund, and 8 other mutual fund NFOs to open for subscription this week
The scheme will follow an active investment strategy by having at least 20% allocation to Equities and 10% allocation in Debt, Gold, and Silver (or other Commodities) respectively at all times. For the balance, the scheme shall dynamically allocate it based on market conditions.
The scheme is suitable for investors who are seeking capital appreciation and generating income over the long term and want investment in a diversified portfolio of equity, fixed income, Exchange Traded Commodity Derivatives / Units of Gold ETFs / Silver ETFs & units of REITs/InvITs.
The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.
