The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty 500 Momentum 50 Total Return Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved.
The Scheme follows a passive investment strategy and seeks to invest in the constituents of Nifty 500 Momentum 50 Total Return Index. The scheme aims to achieve returns equivalent to the benchmark subject to tracking error. The scheme would also invest in units of Liquid schemes and money market instruments as stated in the asset allocation table. Subject to the SEBI regulations as applicable from time to time, the scheme may participate in securities lending.
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