Short Term Bond Fund Class A
A debt fund that maximizes safety, liquidity and return without taking away from one pillar to enhance the other. Scores high on safety with protection against BOTH credit and interest rate risk, liquidity with predictable inbuilt quarterly and annual cashflows which reduce the exposure at risk and returns that beat inflation by a wide margin. Portfolio companies are well established NBFCs with strong governance, granular operations, extensive track record and monoline businesses which are industry leaders. Trusted by banks, insurance companies, family offices, UHNIs and leading advisory partners, the fund is nearing final close including green shoe option. Share Class A is rated Crisil AA+(SO), the highest rating for an AIF in India.compare
Category
CATEGORY II AIF
Type
Close Ended
Status
Closed
Fund Size
350 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
15th March, 2022
Hurdle (post-expenses, pre-tax)
Returns (pre-tax)
10.55%
Classes available for Investment
Senior - 90%
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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