To invest in stocks of companies comprising S&P CNX Nifty and endeavor to achieve return equivalent to Nifty by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in S&P CNX Nifty – Index with the intention of minimising the performance difference between the scheme and the S&P CNX Nifty – Index in capital terms, subject to market liquidity, cost of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scrips /weights as and when the same are altered in the S&P Nifty Index.The fund would be qualified as a investment option targeting investment under Govt. Notified Rajiv Gandhi Equity Saving Scheme, 2012.
Data not available.