The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty 200 Momentum 30 Total Return Index, subject to tracking error. An open ended fund replicating / tracking the Nifty 200 Momentum 30 ETF. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
The investment strategy would involve offering investment returns that are similar to the total returns of Nifty 200 Momentum 30 Total Return Index before fees / expense and subject to tracking error. The scheme aims to invest in the constituent of Nifty 200 Momentum 30 Index, in the range of 95% to 100%. The scheme would also invest in units of Liquid/ debt schemes, debt and money market instruments as stated in the asset allocation table.