Why invest in ABL-Cash Fund:
- Low risk investment with no exposure to stock market or long term debt securities.
- Aims to provide safe and consistent returns via investment in sovereign and AA or above rated entities.
- Competitive returns with no minimum investment period.
- Ideal for cash management and parking short term funds.
- Same day redemption* Otherwise the constitutive documents provide for six working days to pay redemption proceeds
- Options for monthly, quarterly, and semi-annual income plans.
- Tax efficient returns and tax credits***.
- Can be used as collateral to avail bank financing.
*For same day redemption, duly completed redemption form should be submitted latest by 9.30 am – Please read Clause 4.5.5 of the Offering Document for Terms & Conditions for facilitation of same day redemptions.
**No tax is applicable on returns if investment in mutual fund is held for more than one year.
*** Applicable tax laws provide tax credit incentive to salaried and self employed investors who hold their investment for over a year. Salaried investor can claim tax credit up to Rs. 60,000 on a taxable income in excess of Rs 8.6 mn and Self-employed investor can avail tax credit up to Rs.75,000 on a taxable income of over 1.3 mn.
