The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
The Scheme does not offer any Plans/Options for investment.
The scheme would allocate invest 95% to 80% of assets in securities covered by Nifty 50 Index with high risk profile and invest upto 5% of asset in money market instruments / debt securities including CBLO and Units of Liquid Mutual Fund with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.
The minimum additional amount is Rs 5000 and in multiples of Re. 1/- thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load: Not applicable.
Exit load: Not Applicable
The Benchmark for the scheme would be Nifty 50 TRI index
The fund managers of the scheme are Veekesh Gandhi (Senior Fund Manager - Equity) and Malay Shah (Head Fixed Income).
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