The scheme seeks to generate income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.
An open-ended Income Scheme ? Current Load Structure : Entry Load: Not Applicable; Exit Load: In respect of each purchase/switch-in of units, 15% of the units (?the limit?)may be redeemed without any exit load from the date of allotment . Any redemption in excess of the limitshall be subject to following exit load ..Exit load of 1.00% is payable if units are redeemed/switched out within 1 year from the date of allotment of units. No Exit Load is payable if units are redeemed /switched-out after 1 year from the date of allotment. Applicable for the subscriptions made w.e.f. 08-May-2015. The rate of exit load levied on units redeemed will be the rate prevailing at the time of allotment of the units
Mr. Jain is a B. Tech. from IIT Kanpur, PGDM from IIM, Bangalore and CFA from AIMR, USA.He is an MBA from Clemson University, USA. Prior to joining HDFC AMC he has worked with Zurich AMC and SBI Mutual Fund.Prior to joining HDFC AMC he has worked with Templeton AMC, and ICRA.
Funds Performance By Prashant Jain,Shobhit Mehrotra