360 ONE MSCI India ETF

360 ONE MSCI India ETF is a passively managed fund which will employ an investment approach designed to track the performance of Equity and Equity related securities covered by the MSCI India Index. The Scheme will invest at least 95% of its total assets in the Equity and Equity related securities covered by the MSCI India Index. It may hold up to 5% of their total assets in debt or money market securities. The investment strategy would revolve around minimizing the tracking error through periodic rebalancing of the portfolio, taking into account the change in weights of stocks in the indices as well as the incremental subscriptions / redemptions in the Scheme. A small portion of the net assets may be held as cash & cash equivalents or will be invested in debt and money market instruments to meet the liquidity requirements under the Scheme. Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period on defensive considerations.