Introduction

Introduction

ABL Cash Fund (ABL-CF) is an open end, money market fund with no direct or indirect exposure to shares, TFCs and long term debt instruments.

The objective of ABL-CF is to provide investors, consistent returns with a high level of liquidity, through a blend of money market and sovereign debt instruments.

The objective of ABL-CF is to provide investors, consistent returns with a high level of liquidity, through a blend of money market and sovereign debt instruments. It benefits Investors' seeking low risk investments and consistent returns with ready access to funds. Given its highly liquid profile, the fund can be used by retail and institutional investors for an efficient asset management.

Salient Features:

• For Growth Units the Minimum Investment is Rs.5,000/-
• The minimum amount for subsequent investments can start from Rs.1,000/-
• There is no front end and back end load
• There is no minimum holding period and it is redeemable at will
• It follows a Backward Pricing Mechanism
• Encashment can be done the same day* otherwise the constitutive documents provide for six working days to pay redemption proceeds
• It provides tax exemption as per current tax laws**
• Salaried investors can benefit from Tax Credit up to Rs.100,000/- of investment (as per Current Tax Law)
• Benchmark: Average 3 months deposit rates of AA and above rated banks

 Fund Stability Rating: AA+(f) (JCR-VIS)

 Why invest in ABL-Cash Fund:

• ABL Cash Fund provides a low risk investment with no exposure to stock market or long term debt securities.
• The Fund aims to provide safe and consistent returns via investments in sovereign and AA or above rated entities.
• The Fund provides competitive returns with no minimum investment period.
• It is ideal for cash management and parking short term funds.
• Encashment can be done the same day* otherwise the constitutive documents provide for six working days to pay redemption proceeds
• ABL Cash Fund provides 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.