The NFO will be open from May 23, 2011 to June 6, 2011
Mumbai: The investment objective of
the scheme will be to generate returns which closely correspond to the returns
generated by securities as represented by S&P CNX Nifty Index, subject to
tracking error. The scheme would allocate 95 to
100 per cent of asset in securities covered by S&P CNX Nifty with high risk profile.
It would further allocate up to 5 per cent of assets in debt and money market
instruments with low to medium risk profile.
The
minimum application amount will be Rs 10,000 and the scheme will not charge any
entry or exit load. The scheme will be jointly managed by Abbas Ratani. It
will be benchmarked against S&P CNX Nifty Index.
