NFO period: 15^th May – 27^th May, 2024

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to generate returns that are commensurate with the performance of the Nifty Bank Index, subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long-term capital growth by investing in equity and equity related securities covered by Nifty Bank Index, subject to tracking error.


• Minimum Application Amount – Rs. 100/– and any amount thereafter


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


• Fund Managers – Mr. Anil Ghelani and Mr. Diipesh Shah


• Benchmark – Nifty Bank TRI