The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL 10 Year Gilt 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 is a passively managed ETF which will devise an investment approach to track the CRISIL 10 Year Gilt Index, subject to tracking error. The Scheme will invest at least 95% of its total assets in the government securities. Accordingly, the Scheme will invest in securities in line with the benchmark index of the Scheme. The Scheme shall be considered to be replicating the underlying index, provided the duration of the portfolio of the Scheme replicates the duration of the underlying index within a maximum permissible deviation of +/-10%. The Scheme shall be considered replicating a Constant Maturity index may invest in securities with residual maturity within +/- 10% of maturity range of the index.