Fund Objective
To provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies belonging to the services industry. There is no assurance that the investment objective of the Scheme will be achieved.
Notes
The scheme follows an active investment strategy. The Scheme aims to provide long-term capital growth from an actively managed diversified portfolio of equity & equity related securities of companies that generate or expected to generate revenue from services. The indicative list of sectors that the scheme would invest in is as follows: Financial Services IT Telecommunication Power Consumer services Healthcare Services Oil, Gas and consumable fuels For determining list of the companies eligible under services theme, the AMC will consider the basic Industry list published by NSE Indices for NIFTY Services Sector Index. Please refer link https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf" for current index methodology document published by NSE Indices. Services have remained a strong contributor to the GDP for decades. And we are witnessing increase in services in India given the spending pattern shift and consumer focus on services. We believe this will drive strong spending on services in the coming decade. The service-oriented sector has grown manifold in product offerings and value creation. The Scheme will invest across market capitalization. The fund manager will endeavor to allocate to companies using a bottom up approach while taking exposure in companies operating in the services sector with potential for growth and increased profits through its services.
