NFO period: 22nd July ? 02nd August, 2024
Highlights of the NFO:
- Scheme type ? An open-ended scheme replicating/tracking Nifty EV and New Age Automotive Index - Total Return Index
- Investment objective ? The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability ? The product is suitable for investors who are seeking long-term capital appreciation by investing in equity and equity-related instruments of the Nifty EV & New Age Automotive Index.
- Minimum Application Amount ? First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available ? The scheme does not offer any Plans/Options for investment.
- Fund Managers ? Mr. Abhishek Jain
- Benchmark ? Nifty EV and New Age Automotive Index - Total Return Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)