Fixed Income or Debt Funds endeavor to provide potential for stable and regular returns. They are best suited for investors with a short to medium term investment horizon.
(An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (please refer to page no. 24 of SID))
(An open ended low duration Debt Scheme investing in instruments with Macaulay duration of the portfolio between 6 months and 12 months)