NFO period: 08^th August – 22^nd August, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme tracking Nifty Bank Index


• Investment objective – The investment objective of the scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking to create wealth over a long term by investing in equity and equity related instruments belonging to Nifty Bank Index.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option only.


• Fund Managers – Mr. Nemish Sheth


• Benchmark – Nifty Bank Index