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Name of the Scheme : Daiwa Liquid Fund (DLF)
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Type of Scheme :
An open-ended liquid scheme.
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Fund Manager : Mr. Kumar Nathani
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Investment Objective :
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The Scheme seeks to generate reasonable returns commensurate with low risk and high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with a residual maturity of up to 91 days.
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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Plans & Options :
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(a) DLF - Regular Plan;
(b) DLF - Institutional Plan$; and
(C) DLF - Direct Plan
$ No purchase transactions are accepted under this Plan effective November 1, 2012.
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Each plan has two options: Growth and Dividend.
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Growth option: No Dividend will be declared under the Growth option.
Dividend option: The Dividend option offers Dividend Reinvestment sub-option
having following frequencies:
i. Daily; and
ii. Weekly - Every Monday.
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Default Plan / Option :
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Default plan: Regular Plan
Default option: Dividend option (among Growth and Dividend).
Default Dividend Reinvestment sub-option: Daily Dividend Reinvestment sub-option (among daily and weekly sub-options).
Where application is received without distributor code or “Direct Plan” mentioned in the ARN column, the application will be processed under Direct Plan. In case where distributor code is mentioned in the application form, but “Direct Plan” is indicated against the scheme name, the distributor code will be ignored and the application will be processed under “Direct Plan”.
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Minimum Initial Application Amount :
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Rs. 10,000/- and in multiples of Re. 1/- thereafter.
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Minimum Additional Application Amount :
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Rs. 1,000/- and in multiples of Re. 1/- thereafter.
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Minimum Redemption Amount :
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The minimum amount for Redemption under any Plan / option shall be Rs. 1,000/- or equivalent Unit value and in multiples of Re. 1/- thereafter. In case the Unit balance in a folio subsequent to a Redemption request falls below Rs. 1,000/-, all Units under that folio will be redeemed.
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Load Structure :
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Entry Load - Not Applicable*
Exit Load - Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the scheme to the investor. Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor’s assessment of various factors including the service rendered by the distributor.
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Benchmark Index :
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Crisil Liquid Fund Index.
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The asset allocation pattern of the Scheme under normal circumstances would be as under:
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Instrument
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Asset Allocation (% of net assets)
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Minimum
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Maximum
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Risk Profile
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Money Market instruments with maturity of upto 91 days.
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Low to Medium
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Debt securities with maturity of upto 91 days
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Low to Medium
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Explanation :
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In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout, then the maturity of the securities shall be calculated on the basis of weighted average maturity of security.
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In case of securities with put and call options (daily of otherwise) the residual maturity of the securities shall not be greater than 91 days.
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In case the maturity of security falls on a non-business day then settlement of securities will take place on the next business day.
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Investments in asset backed securities (securitized debt) will not exceed 10% of the net assets of the Scheme. The Scheme will not invest in foreign securitized debt.
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If the scheme decides to invest in Foreign Securities in accordance with SEBI Regulations, it is the intention of the fund manager that such investments will not normally exceed 20% of the net assets of the Scheme.
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Expense Ratio:
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