To Generate Income By Predominantly Investing In Debt & Money Market Securities Issued By Banks, Public Sector Undertaking (Psus), Public Financial Institutions (Pfi), Municipal Bonds And Reverse Repos In Such Securities, Sovereign Securities Issued By The Central Government And State Governments, And/Or Any Security Unconditionally Guaranteed By The Govt. Of India.
Tax Implications
Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds