The investment objective of the Scheme is to replicate Nifty 50 Index with an aim to provide returns before expenses that track the total return of Nifty 50 Index, subject to Tracking Errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
The Scheme will be passively managed exchange traded fund which will follow an investment approach designed to track the performance of Nifty 50 TRI. The Scheme seeks to achieve this goal by investing in securities constituting the Nifty 50 Index in the same proportion as in the Index. The AMC does not make any judgement about the investment merit of the individual security constituting the Nifty 50 Index nor will it attempt to apply any economic, financial or market analysis. Indexing eliminates active management risks with regard to over/ underperformance vis-�-vis a benchmark. This would be done by investing in all the stocks comprising the Nifty 50 Index in approximately the same weightage that they represent in Nifty 50 Index. The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in Money Market Instruments to meet the liquidity and expense requirements. The Scheme shall follow a passive investment strategy. The performance of the Scheme may not be commensurate with the performance of the benchmark of the Scheme on any given day or over any given period. Such variation is commonly referred to as the Tracking Error. 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 the securities in the index as well as the incremental Subscriptions/Redemptions from the Scheme. The Scheme intends to use Derivatives for purposes that may be permitted by the SEBI MF Regulations from time to time. Derivatives instruments may take the form of Futures, Options or any other instrument, as may be permitted from time to time. For detailed Derivative strategies, please refer to SAI.
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