The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
Currently, there are no plans/ options under the scheme.
The scheme will invest 100% - 95% of its assets in Equity & Equity related securities of companies constituting the underlying index (Nifty Private Bank Index) with Medium to high risk profile, invest upto 5% of assets in Units of Liquid schemes, Money Market Instruments (with maturity not exceeding 91 days), including TREPS, cash & cash equivalents with Low to Medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription 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 Private Bank Index.
The fund manager of the scheme is Kayzad Eghlim.
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