loader2
NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

1,000.00

Incremental Inv

1,000.00

Open Date

Sep 30, 2024

Close Date

Oct 07, 2024

Nav Calculation

DAILY

Sub-category

Income Funds

Risk Level

Moderate

Fund Manager

Harshil Suvarnkar

Repurchase/Redemption

Fund Objective

The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA NBFC-HFC Index - Sep 2026 before expenses, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There is no assurance or guarantee that the investment objective of the Scheme will be achieved.

Notes

The Scheme follows a passive investment strategy. The Scheme will replicate income over the target Maturity perioof its underlying index i.e. CRISIL-IBX AAA NBFC-HFC Index - Sep 2026, subject toTracking errors. Accordingly, the Scheme will invest in securities in line with the benchmark index of the Scheme The Scheme shall be considered to be replicating the underlying index, provided: i. The duration of the portfolio of the Scheme replicates the duration of the underlying index within a maximum permissible deviation of +/-10%. ii. The following norms for permissible deviation in duration shall apply: a. For portfolio with residual maturity of greater than 5 years: Either +/-6 months or +/-10% of duration, whichever is higher. b. For a portfolio with residual maturity of upto 5 years: Either +/-3 months or +/-10% of duration, whichever is higher. However, at no point of time, the residual maturity of any security forming part of the portfolio shall be beyond the target maturity date of the Scheme. The Scheme will also invest in money market instruments in line with the asset allocation defined. a.i..d