The objective of the scheme to invest in companies which are constituents of NIFTY 50 Equal Weight Index (underlying Index) in the same proportion as in the index and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index.
The scheme offers growth and dividend option under both regular and direct plan. The sub-options available under the Dividend option are Payout Dividend and Reinvest Dividend.
The scheme would allocate 95%-100% of assets in Equity and equity related securities covered by Nifty 50 Equal Weight Index with high risk profile and invest upto 5% in debt & money market securities with low to medium risk profile.
The minimum application amount is Rs 1000.
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: Nil
Benchmark Index for the scheme is Nifty 50 Equal Weight Index.
The fund manager of the scheme is Gauri Sekaria.
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