My First Crore is as much about giving as about creating wealth. Wealth and Knowledge only grows if shared generously for a larger and noble cause. Our intention is to spread awareness of platforms where we can help serve the needy responsibly.
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To protect the capital and generate income through investments in high quality fixed income securities like Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the Scheme.
However, there can be no assurance that the investment objective of the scheme will be realized.
The Scheme offers only Dividend Option with Payout Facility.
Under this Option, Investors can donate 50% of the dividend amount to Indian Cancer Society and the rest shall be paid to the Unit holder.
Under this Option, Investors can donate 100% of the dividend amount to Indian Cancer Society.
The Unit holder shall be eligible to receive deduction under Section 80G of the Income-tax Act, 1961 on the amount of donation made to ICS from the dividends declared under the Scheme.
The resources of the PMNRF are now utilized primarily to render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc. and to the victims of the major accidents and riots. Assistance from PMNRF is also rendered, to partially defray the expenses for medical treatment like heart surgeries, kidney transplantation, cancer treatment, etc. The fund consists entirely of public contributions and does not get any budgetary support.