- Banking Companies
- Broking Companies
- Asset Management Companies
- Wealth Management Companies
- Insurance Companies
- Non-Banking Financial Companies (NBFC)
- Investment Banking Companies
- Leasing and Finance Companies
- Term Lending Institutions
- Any other company engaged in providing banking and financial services.
The fund's focus will be on companies gaining market share in businesses through excellent customer service, product innovation and operating efficiency.
The Fund features are as follows:
Type Open ended Equity SchemeInvestment Pattern Equity & equity related securities of companies engaged in Banking and Financial Services - 70% to 100%, Debt - 0% to 30%
Investment Objective Seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
Options Retail Option and Institutional Option ISub-Options Retail: Growth and Dividend (Payout and Reinvestment)
Institutional Option I: GrowthMin. Application Amount Retail: Rs.5000 and in multiples of Re.1 thereafterInstitutional Option I: Rs.10 crores and in multiples of Re.1 thereafter
Entry Load Retail: (i) For investments of less than Rs.5 Crores: 2.25% of applicable NAV
(ii) For investments of Rs.5 Crores and above: NilInstitutional Option I: Nil
Exit Load
Retail: (i) For investments of Rs.5 Crores and above: Nil
(ii) For investments of less than Rs.5 Crores made during the NFO period and redeemed before 6 months from the date of allotment: 1% of applicable NAV. Institutional Option I: NilRecurring Expenses Retail: Upto 2.5%Institutional Option I: Upto 2.5%NFO Period July 9, 2008 to August 7, 2008
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