Partner With Us NRI



Scheme Type


Exit Load (%)

Min Inv


Incremental Inv


Open Date

May 31, 2021

Close Date

Jun 14, 2021

Nav Calculation



Equity - Index

Risk Level

Very High

Fund Manager

Devender Singhal


Fund Objective

The investment objective of the scheme is to replicate the composition of the Nifty 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized.


To achieve the investment objective, the scheme will follow passive investment strategy with investments in stocks in the same proportion as in NIFTY 50 Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme. A small portion of the net assets will be held as cash or will be invested in debt and money market instruments permitted by SEBI/RBI including TREPS or in alternative investment for the TREPS as may be provided by the RBI, to meet the liquidity requirements under the Scheme