The objective of the Plan is to generate risk-free returns through
investments in sovereign securities issued by the Central
Government and/or State Government(s) and/or any security
unconditionally guaranteed by the Government of India, and/or
reverse repos in such securities as and when permitted by RBI.
A portion of the fund may be invested in Reverse repo, CBLO
and/or other similar instruments as may be notified to meet the
day-to-day liquidity requirements of the Plan. To ensure total
safety of Unit holders' funds, the Plan does not invest in any
other securities such as shares, debentures or bonds issued by
any other entity. The Fund will seek to underwrite issuance of
Government Securities if and to the extent permitted by SEBI/
RBI and subject to the prevailing rules and regulations specified
in this respect and may also participate in their auction from
time to time.
This product is suitable for investors who are seeking
• income over a long investment horizon
• investments in sovereign securities issued by the Central and/or State Government(s) and / or reverse repos in such securities.