What does assure returns schemes means ?

Assured returns schemes are schemes that guarantee a certain return to unitholders regardless of performance.

A scheme cannot guarantee returns unless it is fully guaranteed by its sponsor or AMC. This information is needed in the offer document.

The offer document should be carefully reviewed by investors to determine if the return is guaranteed for the entire scheme period or for a specific period. Some schemes guarantee returns for one year only. They then review it and make changes at the start of each year.