Short Term Bond Fund Class B
A debt fund that maximizes return from the underlying portfolio of well-established NBFCs without diluting credit quality or investor rights. Protected for credit & interest rate risk with subordination from the investment manager, Share Class B offers you a compelling opportunity to earn a hurdle higher than the gross YTM of the fund. Invest before 31st December for a good 3 years ahead!compare
Category
CATEGORY II AIF
Type
Close Ended
Status
Open
Fund Size
300 Cr
Fund Tenor
3 Years
Fund Rating
AA+(SO) by CRISIL
Maturity
3 years from Final close
Principal Repayment
Regular payment of interest and principal
Final Close
December 2021 (planned)
Hurdle (post-expenses, pre-tax)
Returns (pre-tax)
13.5%
Classes available for Investment
Subordinated - 7.5%
Coupons
Quarterly
Fund Performance VS Benchmark
Class A
Senior Tranche (A)
90%
Face Value
10,000
Return as of 31st October '21
10.64%
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
Low*
Class B
Subordinated Tranche (B)
7.5%
Face Value
10,000
Return as of 31st October '21
13.02%
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
Moderate*
*The risk score is based on internal or an external Capital protection rating of each Class/tranche of the respective funds. Risk score is illustrative of risk-reward benchmarking across multiple product offerings of VAM. Investors are advised to do their independent diligence before making an investment decision and not merely rely on the risk scores indicated above
Fund Details
Fund Managers
Sustainable Development Goals (SDGs) Targeted
End poverty in all it’s form everywhere.
Ensure healthy life and promote well being for all ages
Ensure gender equality and and empower all women and girls
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.
Reduce inequality within and and among countries
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