The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of BSE Select Business Groups Index (TRI), subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
The Fund is a passively managed Index fund which will employ an investment approach designed to replicate / track the performance of the BSE Select Business Groups Index (TRI). The Scheme seeks to achieve this goal by investing in securities constituting the Index in same proportion as in the Index. The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in debt / money market instruments including units of Mutual Funds to meet the liquidity and expense requirements. The fund is ideal for those investors who would like to invest in passively managed fund investing in a portfolio of companies forming part of the BSE Select Business Groups Index.
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