loader2
Partner With Us NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

10.00

Incremental Inv

10.00

Open Date

Aug 12, 2022

Close Date

Aug 23, 2022

Nav Calculation

DAILY

Sub-category

Equity - Index

Risk Level

Very High

Fund Manager

Aditya Mulki

Repurchase/Redemption

Fund Objective

The investment objective of the scheme is to achieve return equivalent to Nifty India Manufacturing Index by investing in stocks of companies comprising Nifty India Manufacturing Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Notes

EQUITY INVESTMENT STRATEGY: The investment objective of the Scheme is to invest in companies whose securities are included in Nifty India Manufacturing Index and to endeavour to achieve the returns of the index, though subject to tracking error. The Scheme endeavors to invest in stocks in proportion to the weightages of these stocks in the Nifty India Manufacturing Index. 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. The performance of the Scheme may not be commensurate with the performance of the respective benchmark of the Schemes on any given day or over any given period. Such variations are commonly referred to as the tracking error. The Scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index. However, there is no assurance that all such buying and selling activities would necessarily result in benefit for the Fund. A small portion of the net assets will be held as cash or will be invested in debt and money market instruments permitted by SEBI/RBI including TREPS or in alternative investment for the TREPS as may be provided by the RBI, , subject to prior approval, if any, to meet the liquidity requirements under the Scheme.