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Partner With Us NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

500.00

Incremental Inv

100.00

Open Date

Jan 01, 2022

Close Date

Jan 14, 2022

Nav Calculation

DAILY

Sub-category

Equity - Index

Risk Level

Very High

Fund Manager

Girish Raj

Repurchase/Redemption

Fund Objective

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.

Notes

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.