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NRI

Category

Others

Scheme Type

OPEN

Exit Load (%)

0.25

Min Inv

100.00

Incremental Inv

100.00

Open Date

Jan 24, 2025

Close Date

Feb 07, 2025

Nav Calculation

DAILY

Sub-category

Equity - Index

Risk Level

Very High

Fund Manager

Karthik Kumar

Repurchase/Redemption

Fund Objective

To provide returns before expenses that correspond to the Nifty500 Momentum 50 TRI subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.

Notes

The scheme follows a passive investment strategy. The Scheme would invest in stocks comprising the underlying index and shall track the benchmark index. The Scheme may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity and expense requirements. The Scheme shall invest in stocks forming part of the underlying Index in the same ratio as per the index, to the extent possible and to that extent follow a passive investment strategy, except to the extent of meeting liquidity and expense requirements. Events like the constituent stocks becoming illiquid in the cash market, the exchange changing the constituents, a large dividend going ex but lag in its receipts, etc. tend to increase the tracking error.