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Debt Funds
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Pramerica Liquid Fund
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Presenting the right opportunity to park your surplus money!
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The Scheme seeks to deliver reasonable market related returns with lower risk and
higher liquidity through a portfolio of debt and money market instruments. However,
there is no assurance that the investment objective of the Scheme will be realized
and the Scheme does not assure or guarantee any returns.
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Why invest in Pramerica Liquid Fund?
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- An ideal short term investment avenue for surplus funds
- High liquidity
- No exit load
- Low interest rate risk and credit risk
- Tax Efficient: Dividend distributed by the scheme is exempt from Income Tax in hands
of unit holder.
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Asset Allocation
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Type of Assets
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Indicative Asset Allocation (% of total assets)
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Risk Profile
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Debt instruments (including asset backed securities), money market instruments and
floaters having a residual maturity of upto 91 days
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0-100%
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Low
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Investments in securitised debt will not exceed 20% of the net assets as at the
time of purchase. Investment in debt derivatives instruments will be up to 50% of
the net assets of the Scheme. Further, aggregate asset allocation including exposure
to derivatives will not exceed 100% of the net assets; and that same security wise
hedge positions would be excluded from the same. Presently, the scheme does not
intend to invest in overseas / foreign securities.
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Key Features of Pramerica Liquid Fund
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Scheme Type
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An Open Ended Liquid Scheme
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Benchmark Index
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CRISIL Liquid Fund Index
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Fund Manager
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Mahendra Jajoo, B.Com, ACA, ACS, CFA (from CFA Institute, USA.)
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Offer Price during the NFO
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Rs. 10/- per unit
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Minimum application amount
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Minimum of Rs.10, 000/- and in multiples of Re. 1/- thereafter.
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Minimum additional amount
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Minimum of Rs.1, 000/- and in multiples of Re. 1/-thereafter.
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Load structure
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Entry Load : Nil
Exit Load : Nil
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Options
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1. Growth Option; and
2. Dividend Option, with two facilities, namely :
- Dividend Reinvestment facility( on a Daily, Weekly, Fortnightly & Monthly frequency);
and
- Dividend Payout facility (at Fortnightly and at Monthly frequency)
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Other facilities
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Switch facility, Systematic Investment Plan, Systematic Withdrawal Plan and Systematic
Transfer Plan, during the on-going offer, when the Scheme reopens after the NFO
for subscription and redemption.
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Risk Factors: All mutual funds and securities investments
are subject to market risks and there can be no assurance that the objectives of
the Scheme will be achieved and the NAV of the funds may go up or down depending
upon the factors and forces affecting the securities markets. Pramerica Liquid Fund
(the “Scheme”) is only the name of the scheme and does not in any manner indicate
either the quality of the Scheme, its future prospects and return. The
AMC has no previous experience in managing a mutual fund in India and Pramerica
Liquid Fund is the first product being launched under its management. Performance
of the Sponsor has no bearing on the expected performance of the mutual fund or
any of its schemes. Past performance of the Sponsor and their Affiliates/AMC/Mutual
Fund & its Scheme(s) does not indicate the future performance of the Scheme and
may not necessarily provide a basis of comparison with other investments. Investment
in Mutual Fund Units involves investment risks such as trading volumes, settlement
risk, liquidity risk, default risk including the possible loss of principal. As
the price / value / interest rates of the securities in which the Scheme invests
fluctuate, the value of your investment in the Scheme may go up or down. Investors
are not being offered any guaranteed / assured returns under the Scheme.
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Name of the Scheme: Pramerica Liquid Fund
Scheme Classification: An Open-Ended Liquid
Scheme. Investment Objective: The Scheme seeks to deliver reasonable market related
returns with lower risk and higher liquidity through a portfolio of debt and money
market instruments. Assets Allocation: Debt
instruments (including Asset Backed Securities), money market instruments and floaters
having a residual maturity of upto 91 days: upto 100% of total assets (including
securitised debt upto 20% and debt derivative instruments upto 50% of the net assets
of the Scheme.) Terms of issue and sale and redemption
of units: Issue of units of Rs. 10 each for cash during the NFO and at
NAV during the ongoing offer. The scheme offer sale and redemption facility on all
Business Days during the ongoing offer. NAV of the Scheme will be calculated for
all calendar days and disclosed at the close of every Business Day.
Load Structure: Entry Load: Nil; Exit Load: Nil
Recurring Expenses ( including the investment management and advisory
fee ) shall be subject to a percentage limit of average weekly net assets of the
Scheme @ 2.25% for the first 100 crore; @ 2.0%, next Rs. 300 crore; @1.75 % on the
next Rs. 300 Crores; and @ 1.50% on the balance. NFO
expenses: Will be fully borne by the AMC/ Sponsor. Copy of Scheme Information
Document, Statement of Additional Information and Key Information Memorandum can
be obtained from any of our Investor Services Centers or downloaded from our website:
www.pramericamf.com
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Statutory Details: Pramerica Mutual Fund
is set up as a Trust under the Indian Trusts Act, 1882 and registered with SEBI.
Sponsor: Prudential Financial, Inc. of the
United States of America [liability restricted to initial contribution of Rs. 1
Lac towards the corpus of the Mutual Fund]. [Pramerica is the brand name used by
Prudential Financial, Inc. of the United States and its affiliates in select countries
outside of the United States. Prudential Financial, Inc. of the United States is
not affiliated in any manner with Prudential plc, a company incorporated in the
United Kingdom.] Trustee: Pramerica Trustees
Private Limited Investment Manager: Pramerica
Asset Managers Private Limited.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, PLEASE READ ALL SCHEME RELATED
DOCUMENTS CAREFULLY.
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