9. What are the features of Escorts Income Plan ?

Investment Objective
The primary investment objective is to generate current income by investing predominately in a well diversified portfolio of fixed income securities with moderate risk levels. As a secondary objective, the Scheme's income may be complemented by possible capital appreciation. There is no assurance and guarantee that these objective will be achieved.

Investment Pattern
Money market instruments :10 - 20 %
Fixed Income securities : 70 - 80 %
Equity Shares and equity related instuments : 0 - 10 %
Units of other Mutual Fund Scheme(s) : 0 - 5 %

Repurchase/Redemption
The Units can be redeemed on any business day (which excludes Saturday, Sunday and any holiday declared under the Negotiable Instuments Act, 1982)

Repurchase Price
The prevailing NAV less an exit load communicated to you at the time of investment. For this purpose holding will be reckoned on First in First out (FIFO) basis.

Payments of Redemption Proceeds
Within 5 working days from the date of notice for redemption

Listing
Being an open ended Scheme listing of Units on a recognised Stock Exchange is not contemplated.

On-going Expenses
Not Exceeding 2.25% of weekly average net assets, in any financial year, on the First Rs. 100 crores, including investment Management and Advisory Fees not exceeding 1.25 %