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Partner With Us NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

100.00

Incremental Inv

0.00

Open Date

Jul 29, 2022

Close Date

Aug 10, 2022

Nav Calculation

DAILY

Sub-category

Exchange Traded Funds (ETFs)

Risk Level

Very High

Fund Manager

Lovelish Solanki

Repurchase/Redemption

Fund Objective

The investment objective of the Scheme is to generate returns that are in line with the performance of Nifty 200 Momentum 30 Index, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There can be no assurance that the objective of the Scheme will be achieved.

Notes

The scheme will be managed passively with investments in stocks in a proportion to the weightage of these stocks in the Nifty 200 Momentum 30 Index. The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections / redemptions in the scheme. Rebalancing of the scheme shall also be carried out whenever there is a change in the underlying index or any change due to Corporate action with respect to the constituents of the underlying index within 7 calendar days. The Scheme may also invest in cash and debt/ money market instruments, in compliance with Regulations to meet liquidity and expense requirements.