The investment objective of the Scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Total Returns Index before expenses, subject to tracking errors, fees, and expenses. However, there is no assurance that the investment objective of the Scheme will be achieved.
The Scheme is an Index Fund tracking the Nifty Midcap 150 Total Returns Index. The Scheme will be passively managed employing an investment strategy that seeks to track/replicate the performance of the underlying index, subject to tracking error. The Scheme seeks to achieve this goal by investing in the securities constituting the Nifty Midcap 150 Total Returns Index in the same proportion as in the Index.
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