The investment objective for the scheme is to provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments.
The investment universe of the scheme will be restricted to equity stocks and equity related instruments of companies that are constituents of the S&P CNX Nifty Index (Nifty 50) and the CNX Nifty Junior Indices comprising a total of 100 stocks. These two indices are collectively referred to as the CNX 100 Index. The equity portfolio will be well-diversified and actively managed to realize the scheme objective.
The fund seeks to collect a minimum subscription amount of Rs 10 crore under the scheme during the NFO period.
Allocation of funds:
The scheme will allocate 70% to 100% of assets in equities and equity related instruments of constituents of the CNX 100 Index with high risk profile. On the other side it would allocate upto 30% of assets in low to medium risk profile. Investment in Derivative instruments will be up to 50% of the net assets of the Scheme.
Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time.
Exit load charge will be 1% for exit (repurchase/switch-out/SWP) on or before 1 year from the date of allotment for the subscriptions received during the NFO period.
NFO Price: Rs 10 per unit
NFO Opens: April 25, 2012
NFO Closes: May 9, 2012
NFO Reopens: May 22, 2012
Options: Growth and Dividend Payout
Benchmark: CNX 100 Index
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
Manager: Mr.V. Balasubramanian