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Scheme Type


Exit Load (%)

Min Inv


Incremental Inv


Open Date

May 27, 2024

Close Date

Jun 07, 2024

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Exchange Traded Funds (ETFs)

Risk Level

Very High

Fund Manager

Kedarnath Mirajkar


Fund Objective

The investment objective of the scheme is to invest in stocks comprising the Nifty 100 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Ni fty 100 Index (subject to tracking error).Therecanbenoassuranceorguaranteethattheinvestmentobjectiveof the Scheme would be achieved.


The Scheme is a passively managed ETF, which endeavours to invest in stocks in proportion to the weight age of the stocks in the Nifty 100 Index. The investment strategy would revolve around reducing the trackingerrortotheleastpossibleextentthroughregularrebalancingoftheportfolio, taking into account the change in weights of stocks in the Index as well as the incremental collections/redemptions in the Scheme. Such rebalancing shall be done in accordance with time lines prescribed by SEBI from time to time. A part of the funds may be invested in debt and money market instruments, to meet the liquidity requirements. The Scheme may also invest in the schemes of Mutual Funds in terms of the prevailing SEBI (MF) Regulations.