Fund Features

Scheme Classification

An open-ended equity scheme tracking NIFTY 50 Index

Objective

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks.

 

There is no assurance that the investment objective of the Scheme will be realized.

Launch Date

March 24, 2020

Option

Growth

Dividend (Re-investment and Payout)

Both Options have common portfolio.

Fund Managers

Mr. Praveen Ayathan

Benchmark index

Nifty 50 Index TRI (Total Return Index)

SIP availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Entry Load

NIL

Exit Load

If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil

 

If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV

 

If units are redeemed or switched out on or after 1 year from the date of allotment: Nil

Minimum Initial Application Amount

Rs. 5,000 per application

Minimum Additional Application Amount

Rs. 1,000 per application

Minimum Amount/ Number of Units for Redemption

Rs. 500 or 50 Units or the account balance whichever is lower

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Risk Factor

Riskometer with Moderately high Risk Factor

This product is suitable for investors who are seeking*

 

Long term capital appreciation

Investment in equity securities covered by the NIFTY 50

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Equity and equity related securities covered by Nifty 50 Index

100% 95%
Medium to High

Debt & Money Market Instruments* 

5% 0% Low to Medium

*Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified by Reserve Bank of India from time to time.

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Downloads

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