Fund Objective:
The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavour to achieve return equivalent to Nifty 50 by “passive” investment. The scheme will be managed by replicating the index in the sameweightage as in the Nifty 50 Index with theintention of minimising the performancedifferences between the scheme and the Nifty50 Index in capital terms, subject to marketliquidity, costs of trading, managementexpenses and other factors which may causetracking error. The scheme would alter thescrips/weights as and when the same arealtered in the Nifty 50 Index.
