The investment objective of the Scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 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.
The Scheme will follow passive investment strategy and will invest not less than 95% of its corpus in stocks comprising the underlying index and endeavour to track the benchmark index while minimizing the tracking error. The AMC does not make any judgments about the investment merit of Nifty Next 50 TRI nor will it attempt to apply any economic, financial or market analysis. The Scheme would aim to maintain least amount of cash and will also try & avoid investment in money market securities. This would only be for the purpose of redemption requirements.