ABL Cash Fund

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.

It beneifits Investor’s 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 efficient cash management.

Salient Features:

• Minimum Investment Rs.5,000/-(Growth Units)
• Subsequent Investment Rs.1,000/-
• Load (Front End/Back End) Nil
• Minimum Investment Period No minimum holding period. Redeem at will.
• Pricing Mechanism Backward
• Encashment Same day* Otherwise the constitutive documents provide for six working days to pay redemption proceeds
• Tax Exempt As per current tax laws**
• Tax Credit Up to Rs.75,000/- for individuals***

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.