The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
The details of this NFO are given below:
NFO Opens on: June 02, 2016
NFO Closes on: June 08, 2016
Allotment date: June 09, 2016
Scheme re-opens: June 16, 2016
Date of Listing: June 16, 2016
Type of scheme
An Open Ended Exchange Traded Fund
Investment Objective of the Scheme
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Asset Allocation
The funds collected under the scheme shall generally be invested consistent with the objective of the scheme in the following manner:
| Instruments
| Indicative allocations (% of total assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Securities covered by Nifty 10 yr Benchmark G-Sec Index | 95 | 100 | Medium to High |
| Money Market Instrument* including CBLO | 0 | 5 | Low to Medium |
* Money Market Instruments will include Commercial Paper, Certificates of Deposit, Treasury Bills, Bills Rediscounting, Repos, short term bank deposits, short-term Government securities and any other such short-term instruments as may be allowed under the regulations prevailing from time to time having residual maturity up to 91 days.
The Scheme may invest in derivatives at the time of portfolio rebalancing. These investments would be for a short period of time. The exposure of the Schemes in Derivative instruments shall be restricted to 5% of the net assets of the Scheme. The cumulative exposure of debt and money market securities and gross exposure of derivatives instruments shall not exceed 100% of the net assets of the Scheme.
The Scheme shall not invest in repo in corporate debt.
The scheme will not invest in ADR/ GDR/ Foreign Securities/ Securitized Debt.
The scheme shall not engage in short selling.
The scheme shall not engage in stock lending.
The Scheme shall not invest in unrated debt instrument.
Benchmark
Nifty 10 yr Benchmark G-Sec Index
Minimum Application Amount during NFO (Rs.)
Rs. 5,000/- and in multiples of Re. 1/- thereafter
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