The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Financial Services 3 to 6 Months Debt Index before expenses, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There is no assurance or guarantee that the investment objective of the Scheme will be achieved.
The Scheme follows a passive investment strategy. The Scheme will replicate income over the constant maturity period of its underlying index i.e., CRISIL-IBX Financial Services 3 to 6 Months Debt Index, subject to tracking errors. Accordingly, the Scheme will invest in securities in line with the benchmark index of the Scheme. In line with constant maturity profile of the underlying Index, the scheme follows perpetual structure, wherein the scheme would be rebalanced as per set frequency and remain in line with maturity profile. The Scheme shall endeavour to replicate the index in line with para 3.5.3 of SEBI Master Circular on Mutual Funds dated June 27, 2024. In case the Scheme is not able to replicate the index, the Fund Manager may invest subject to deviations as permitted by SEBI Master Circular on Mutual Funds dated June 27, 2024, as amended from time to time.
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