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Home > Debt Schemes > Grindlays Super Saver Income Fund - Short Term Plan > Investment Details
   Investment Details
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Basic
Ideal Investment

Less than 6 months

Plans offered

Plan A Minimum amt Rs 5000 (Regular Plan)
Plan B Minimum amt Rs 1Cr
Plan C Minimum amt Rs 5Cr
Plan D Minimum amt Rs 5000

Dividend option

This option is suitable for investors seeking income through dividend declared by the scheme. Dividends currently are tax free in the hands of the investor after a dividend distribution tax incidence of 14.1625%(12.5%+10%surcharge+3%EducationCess) forIndividuals
ForPartnership,AOP/BOI,DomesticCos-22.66%(20%+10%surcharge+3% Education cess).

NAV Frequency

Each Business day. (That is Monday to Friday)

Options

Growth option
The scheme will not declare any dividends under this option. The income attributable to units under this option will continue to remain invested in the scheme and will be reflected in the Net Asset Value of the units under this option

Dividend Frequency

The fund will endeavour to declare dividends on a monthly basis. The AMC reserves the right to change the periodicity and the exact date will be communicated to the registrar or can be found out from the offices of the AMC.

Purchase
Cheque to be drawn on

GSSIF-ST crossed "A/c Payee only" and payable locally at centres where CAMS ISCs are present

Cut-off time for purchase

For high value instruments received on any business day
For high value instruments received on any business day
3:00 pm for centre/s designated by AMC. Previous Day NAV for requests on any business day
3:00 pm for Ahmedabad and Vadodra. Previous Day NAV for requests on any business day
3:00 pm for other centres. Same day NAV for requests on any business day.

For debit mandates
3:00 pm for centre/s designated by AMC. Previous Day NAV for requests on business day/ Saturday
3:00 noon for Ahmedabad and Vadodra. Previous Day NAV for requests on any business day
3:00 pm for other centres. Same day NAV for requests on any business day.

For non high value instruments:
Next business day NAV for requests received before 3.00 p.m. The Fund would endeavour to declare NAV on Holiday/s and/or Sunday or the last holiday, if the day/s after Sunday/holiday is also a holiday.

Entry Load
NIL
Demand drafts

Only in places where CAMS ISC is absent Draft charges will be borne by the AMC

Systematic Investment Plan

Rs 1000 in multiples of Re 1 and a minimum of 6 monthly post dated cheques/ 4 quarterly post dated cheques dated 10th of each month /quarter. For more on SIP.

Minimum Application amount
Minimum application amount For new investors For existing investors, additional investment in multiples
  GSSIF -IP Plan A Rs 5000/- Rs. 1/-
  GSSIF -IP Plan B Rs 1 Cr Rs. 1/-
  GSSIF -IP Plan C Rs 5 Cr. Rs. 1/-
  GSSIF -IP Plan D Rs 5000/- Rs. 1/-
Minimum additional purchase
In multiples of Re 1/-
Redemption
Minimum redemption amount

In multiples of Re 1/-

Exit Load

NIL

Minimum Balance in account

Rs 5000

Systematic Withdrawal Plan

As per amount decided by investor. Please check with AMC before investing.

Cut off time for redemptions and Redemption turn around time

In following cities
Ahmedabad, Bangalore, Chennai, Pune, Mumbai, and New Delhi

Investors submitting completed redemption requests and submitting the same either at the AMC office/CAMS Investor Service Centre in cities where the AMC offices are located will get their redemption proceeds across the counter before High value cut-off times for high value payments at the AMC office or a Direct credit (if investors have bank accounts in the following banks) subject to submitting the request by 3:00 pm at CAMS ISC/AMC office.
If investors fail to collect the cheques at the CAMS ISC then the same will be couriered to the address mentioned in the account statement.

In other cities where AMC offices are located
Investors submitting completed redemption requests and submitting the same either at the AMC office/CAMS Investor Service Centre in other cities where the AMC offices are located will get their redemption proceeds the very next business day (ie on T +1 basis) at the CAMS ISC in the form of a cheque or a Direct credit (if investors have bank accounts in the following banks) subject to submitting the request by 3:00 pm at CAMS ISC.

In cities where AMC offices are not located
In cities where the AMC offices are not located the cut-off time is 3:00 pm with the redemption cheque being couriered out of CAMS,Chennai the very next business day.

Direct Credit for redemption

Standard Chartered Bank, HDFC Bank, ABN AMRO Bank, HSBC Bank, Axis Bank, ICICI Bank, IDBI Bank, Deutsche Bank, Citibank, Kotak Mahindra Bank, Indusind Bank, Yes Bank, Centurian Bank Of Punjab, Societe Generale.

 
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