The company is planning to launch a monthly income plan and exploring the possibility of launching a `Brand Fund' which would invest only in the top brands in the country.

Ashutosh Bishnoi, president and chief executive officer of JM capital Management Ltd, said the fund hopes to rake in close to Rs 1,000 crore in the Gilt fund by the end of the year. "There is room for a number of players in this market which has a size of Rs 5,000 crore to Rs 6000 crore", said Bishnoi.

The Gilt fund will be launched in mid-July and is targeted at the private sector provident funds, trusts, institutions, banks, NBFCs and individuals, among others. There will be two plans under the Gilt Fund, a regular plan and a PF plan. Investors have the option tochoose their maturity, besides dividend or bonus plan.

The PF plan will be an exclusive plan for the provident funds, gratuity, superannuation funds, trusts and specifies investments for PFs only. The PF plan will charge a management fee which will be lower by around 10 basis points compared to the regular plan.

"The idea of having two separate categories of plans was to target two different sets of investors as the PFs have small investors' hard earned money and a long-term investment horizon. Thus, they deserve an overall lower cost and so we will charge them a lower management fees,'' said Bishnoi.