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Product Label

This product is suitable for investors who are seeking* –

  • Long term Capital Growth
  • Investment in equity & equity related securities including equity derivatives of high dividend yield Companies.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Investment Objective

The Investment Objective of the Scheme would be to provide capital appreciation and / or dividend distribution by investing predominantly in a well-diversified portfolio of companies that have a relatively high dividend yield.

Overview

Fund Manager:
Mr. Dhimant Shah
Allotment Date:
October 15, 2004
Benchmark:
Nifty Dividend Opportunities 50 Index
 

Asset Allocation

Types of InstrumentsNormal Allocation
(% of Net Assets)
Risk Profile
 MinimumMaximum 
Equity and equity related instruments of high dividend-yield companies* 65 100 High
Debt and Money market Instruments (including Units of Debt / Liquid Mutual Fund Schemes and Cash) 0 35 Low to Medium
 

Read More

** High Dividend Yield Companies are defined as Companies whose dividend yield, at the time of investment, is equal to or higher than the dividend yield of the Company with the lowest dividend yield in the CNX Dividend Opportunities Index, ascertained as at the close of previous trading day.

The scheme intends to use derivatives for purposes that may be permitted by SEBI (Mutual Funds) Regulations, 1996 from time to time. The scheme shall have a maximum net derivatives position up to 50% of the portfolio.


The Scheme may also invest in overseas financial debt instruments including units of overseas mutual funds,as detailed below:-


Investments will only be made in instruments denominated in US Dollar, Singapore Dollar, Japanese Yen, Euro, Sterling Pound or in any other liquid currency as may be decided by the AMC from time to time and will be subject to following limits:

Particulars % of Net Assets
Investment in overseas financial debt instruments including units of overseas mutual funds Not exceeding 35% of the Scheme's assets subject to a maximum limit of US $300 million per mutual fund or such other limit as specified by SEBI from time to time.

Subject to the SEBI Regulations, the Mutual Fund may deploy upto 50% of its total net assets of the Scheme in Stock Lending.

 

Plans & Options

Regular Plan and Direct Plan.
Both the Plan offer Dividend & Growth Option

The Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep

Load Structure

Exit Load: If redeemed on or before 1 Year from the date of allotment - 1%.

 

Minimum Investment

New Investor: 5,000
Existing Investor: 1000

Cut Off Time

3.00 p.m.

In respect of purchase/switch-in of units for an amount equal to or more than 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped).

 

Current Expense Ratio

Regular Plan
On the first 100 crores 2.70% p.a.
On the next 300 crores 2.45% p.a.
On the next 300 crores 2.20% p.a.
On the balance  of the Daily Net Assets 1.95% p.a.

Direct Plan
On the first 100 crores 2.45% p.a.
On the next 300 crores 2.20% p.a.
On the next 300 crores 1.95% p.a.
On the balance  of the Daily Net Assets 1.70% p.a.

Service Tax on Management Fees and proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets are charged in addition to the above stated Expense Ratios.

 

Other Features

SIP / SWP / STP: Available

Minimum No. & Amt. of                                                                                       

SIP : 6 installments of 2000/- each.

SWP: 6 installments of 500/- each.

STP : 6 installments of 1000/- each.

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