The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 November to 26 November 2015.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of stocks as represented by the NV 20 Index, subject to tracking errors.
The scheme offers dividend payout option.
The scheme shall invest 95%-100% of assets in stocks comprising NV 20 Index with medium to high risk profile and invest upto 5% of cash and debt / money market instruments with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 1000 for purchase and switch-ins.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme.
The units of the scheme will be listed on NSE on allotment.
Entry load and exit load charge will be nil for the scheme.
The scheme's performance will be benchmarked against NV 20 Index.
The scheme will be managed by Deepak Gupta.
No comments:
Post a Comment