To generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.
Rs. 1500/- per installment, where an investor ops for a quarterly SIP.
SWP : Rs. 1000/- and in multiples of Re. 1/- thereafter per installment, where an investor opts for a monthly SIP
Allocation (% of net assets)
Equity & Equity related securities of companies engaged in Banking & Financial Services Sector *
High to Medium
Debt & Money Market Instruments
Medium to Low
* Investment in derivatives may be made upto 50% of the net assets of the scheme. The scheme may invest in securitized debt upto 20% of its net assets
The scheme may invest in foreign securities upto 25% of its net assets subject to maximum of US$300 million in the aggregate at the Mutual Fund level, as per the SEBI circular nos. SEBI/IMD/CIR No.7/104753/07 dated September 26, 2007 and SEBI/IMD/CIR no. 2 / 122577 / 08 dated April 8, 2008.
The scheme may take derivative position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations. The scheme shall not invest in equity linked debentures.
The cumulative gross exposure through equity, debt (if any) derivative positions,REITS and InvITs shall not exceed 100% of the net assets of the scheme.
The asset allocation shown above is indicative and may be altered depending upon market conditions.
Subject to the SEBI (Mutual Funds) Regulations, change in investment pattern and rebalancing of portfolio 1996 as amended from time to time, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. Such changes in the investment pattern will be for a short term and for defensive considerations only. In the event of such a deviation, the fund manager will endeavour to rebalance the portfolio within 30 days from the date of deviation. If, however, the portfolio is not rebalanced within the said 30 days, justification for not rebalancing will be placed before the Investment Committee of the AMC, notwithstanding that the endeavour to rebalance shall continue. At all points of time, the portfolio will be in line with the investment objective of the Scheme.