The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 Index over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.
EQUITY INVESTMENT STRATEGY: The investment objective of the scheme is to achieve return equivalent to Nifty Next 50 Index by investing in stocks of companies comprising Nifty Next 50 Index. The Scheme endeavors to invest in stocks in proportion to the weightages of these stocks in the Nifty Next 50. The fund will, in general invest a significant part of its corpus in equities; the surplus amount of the fund, not exceeding 5% shall be invested in Cash/Tri-Party Repo, Repo in corporate debt securities& Money Market instruments.