To achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies that will benefit from the adoption of innovative strategies or following the innovation theme. However, there can be no assurance that the investment objective of the scheme will be realized.
The scheme aims to generate returns by predominantly investing in stocks of companies that will benefit from the adoption of innovative strategies or following the innovation theme. The Fund will invest in companies engaged in innovation through the development of new products, processes, services, solutions, platforms, or business models. The Fund will target companies categorized as Innovators (developing new products, services, or technologies), Enablers (providing tools or infrastructure for innovation), and Adaptors (adopting new technologies or strategies to enhance competitiveness). The Fund will focus on firms that drive market share growth through research and development (R&D) and patent development, benefiting from technological advancements. Companies that have access to global parents who are pioneers of technology or part of some big industrial group which makes their access to new products/technology easier. The scheme would also invest in units of Liquid/ debt schemes, debt and money market instruments as stated in the asset allocation table. The Fund seeks to invest in companies that are either leading or adapting to emerging innovation trends, targeting growth opportunities in sectors poised to influence the future of business and technology. With an active and flexible management approach, the Fund aims to select high-quality companies that exhibit strong growth potential. The objective is to generate long-term returns by investing in companies well-positioned to benefit from technological advancements and industry disruptions. The fund will focus on key factors when selecting securities, including the business fundamentals, industry structure, competitive strength within the sector, management quality, sensitivity to economic factors, financial stability, and primary earnings drivers. Given the importance of disciplined risk management, the AMC will implement appropriate safeguards to manage portfolio risks. Additionally, risk will be mitigated through effective diversification, spreading investments across various industries and sectors. The key objective of innovation is to improve productivity, reduce cost, increase competitive edge, improve/sustain brand value, acquire new client or new partnership & overall increase turnover and profitability of the company. The Scheme may also invest in companies which assist in providing or development of new products, services or solutions to other businesses.