CanIncome Debt Fund |
Issue details
c |
|
|
August 20, 2002 |
|
Rs.10/- |
|
|
September 7,
2002 |
|
Rs.10,000/- for
growth plan
Rs.10,000/-for income plan
Rs.20,000/- for bonus plan
|
|
|
Nil |
|
Open-ended
equity fund |
|
|
0.5% |
|
September 23,
2002 |
|
|
|
Nature of
the Scheme:The objective is to generate income through investments in debt and money
market securities of different maturity and issuers of different risk profiles. . |
|
Highlights |
|
- This scheme offers dividend plan, growth plan and bonus
plan .
|
- The scheme offers systematic investment paln to the
investors.
|
- The scheme offers the unit holders an option to switch all
or part of their investment in the scheme to any other scheme of Canbank Mutual Fund.
|
- The entire initial issue expenses of the respective Plans
will be borne by the AMC.
|
|
Investment Strategy |
|
| Under normal circumstances, the fund will be invested in debt and
money market securities of different maturity and risk profiles. The investments may be
made in primary as well as secondary markets. |
|
Performance of other funds in the fund house |
|
| Name |
1 months |
3 months |
1 year |
3 years |
inception |
| Cancigo 98 |
0.89% |
4.09% |
13.63% |
126.19% |
91.19% |
| Canpremium 98 |
-0.70% |
6.06% |
22.75% |
15.21% |
15.85% |
| Cangilt PGS |
1.12% |
4.58% |
15.31% |
N/A |
15.45% |
|
|
Risk Perception |
|
| The value of the investments is
bound to change with changes in interest rates, exchange rates, govt. policies, and other
economic and political developments. However, with good management CanIncome fund
will generate good returns over a period of 1-2 years. |
|