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Pramerica Short Term Income Fund
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The scheme aims to generate regular returns with moderate level of risk by investing
primarily into a portfolio of Debt Securities and Money Market Instruments of short
term maturity.
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Why invest in Pramerica Short Term Income Fund?
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- Reap the benefits of rising short term rates
- Increased government security yields due to rate hikes make short term income funds
an attractive proposition
- Active duration management in range bound market to provide opportunity for alpha
- Single expense ratio for all investors
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Asset Allocation
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Instruments
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Indicative allocations (% of total assets)
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Risk Profile
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Maximum
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Minimum
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High / Medium / Low
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Debt and Money market instruments with residual maturity up to 3 years
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100
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65
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Low to Medium
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Debt and Money market instruments with residual maturity not exceeding 5 years and
3 months
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35
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0
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Low to Medium
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- The average maturity of the Scheme's portfolio will not exceed 3 years.
- Presently, the Scheme does not intend to invest in securitized debt and overseas
/ foreign securities.
- The scheme retains the flexibility to invest across all the securities in the debt
and money markets instruments, within the abovementioned asset allocation. The portfolio
may hold cash depending on the market outlook. The fund manager may use derivative
instruments as permitted under the Regulations from time and as may be deemed appropriate.
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.
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Key Features of Pramerica Short Term Income Fund:
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Benchmark Index
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CRISIL Short Term Bond Fund Index
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Offer Price
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- ` 1,000/- per unit during NFO
- At NAV during On-going Offer
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Minimum application amount
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Minimum of ` 5,000/- and in multiples
of Re.1/- thereafter
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Minimum additional amount
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Minimum of ` 1000/- and in multiples
of Re.1/-thereafter
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Options
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- Growth Option; and
- Dividend Option, with two facilities, namely :
- Dividend Reinvestment facility on a Weekly, Fortnightly, Monthly & Quarterly frequency;
and
- Dividend Payout facility at Monthly & Quarterly frequency.(If the amount of Dividend
payable under the Dividend Payout facility is
` 500 or less, then the amount of Dividend would be compulsorily reinvested
in the Dividend Option of the Scheme.)
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Other facilities
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SIP, SWP, Switch, STP
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Disclaimers & Risk Factors:
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- 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 Short Term Income
Fund 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. 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 any scheme of Pramerica
Mutual Fund.
- Name of the Scheme: Pramerica Short Term
Income Fund Scheme Classification: An open-ended
Income scheme. Investment Objective: The
objective of the Scheme is to generate regular returns with moderate level of risk
by investing primarily into a portfolio of Debt Securities and Money Market Instruments
of short term maturity.
- Assets Allocation: Debt and Money market
instruments with residual maturity upto 3 years - 65% to 100%; Debt and Money market
instruments with residual maturity not exceeding 5 years and 3 months – 0 to 35%.
The average maturity of the Scheme’s portfolio will not exceed 3 years.
Terms of issue and sale and redemption of units: Issue of units of
` 1,000/- each for cash during the new fund offer and at NAV based
prices thereafter. 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: @ 0.50% for redemption/switch-out on or before 90 days from the date of allotment ; Nil, for redemption/switches after 90 days from the date of allotment. Recurring Expenses:
Recurring expenses including the investment management and advisory fee that can
be charged to the Scheme shall be subject to a percentage limit of average weekly
net assets @ 2.25% for the first 100 crore; @ 2. %, next
` 300 crore; @1.75 % on the next `
300 Crore; and @ 1.50% on the balance. NFO expenses:
To be fully borne by AMC/ Sponsor. Copy of SID/SAI and Key Information Memorandum
(KIM) can be obtained from any of our Investor Services Centers as well as from
our website: www.pramericamf.com
- 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. (PFI)
of the United States of America [liability restricted to initial contribution of
` 1 Lac towards the corpus of
the Mutual Fund]. [Pramerica is the brand name used by PFI 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. Copy of SID/SAI and Key Information Memorandum
(KIM) can be obtained from all Investor Services Centers of Pramerica Mutual Fund
or can be downloaded from:
www.pramericamf.com
- MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,
PLEASE READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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