To reduce the interest rate risk assosciated with investments in fixed rate instruments by investing predominantly in floating rate securities , money market instruments and using appropriate derivatives.

Investments	Indicative Allocation	Risk Profile
*Floating rate debt securities &/or money market instruments,other debt securities with outstanding maturity of upto 182 days.	65% to 100%	Low
Fixed rate debt securities.	0% to 35%	Medium

*Debt securities/instruments are deemed to include securitised debts and investment in securitised debts shall not exceed 50% of the net assets of the Scheme.

The floating rate debt securities in the above table include floating rate debt securities and fixed rate debt securities with interest rate swap.

Money market instruments will include repos / reverse repos or other instruments permitted by RBI.

Some of the investments may be in the call money market or in investments alternative to call money market. (as may evolve or be provided by RBI).

Pending deployment in terms of investment objective, the monies under the Scheme may be invested in short-term deposits of Scheduled Commercial Banks in terms of SEBI circular dated April 16, 2007.

Note :The asset allocation shown above is indicative and may vary according to circumstances at the discretion of the Fund Manager on defensive consideration. The composition may change due to purchases and redemption of units or during adjustment of the average maturity of investments.

When the allocation of floating rate debt securities & money market securities, other debt securities with outstanding maturity of up to 182 days in the portfolio falls below 65% or the allocation of fixed rate debt securities goes above 35% a review and rebalancing will be conducted

Rs. 1000/- or 100 units
Note : If the holding is less than Rs. 1000 or 100 units, the entire balance will be redeemed as and when redemption request is received from the investor.

Nil