The fund will be an open-ended scheme replicating/tracking the NIFTY Midcap 50 Index. The scheme will be benchmarked against NIFTY Midcap 50 Index. The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.The minimum application amount for lumpsum and SIP will be Rs 100 and any amount thereafter. The scheme will invest 95-100% in equity and equity-related securities covered by NIFTY Midcap 50 Index and 0-5% in debt/money market instruments.
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Invesco India Manufacturing Fund
It will be an open-ended equity fund following the manufacturing theme. The scheme will be benchmarked against Nifty India Manufacturing TRI. The fund will be managed by Amit Ganatra and Dhimant Kothari.
The minimum application amount will be Rs 1,000 per unit and in multiples of Re 1 thereafter. The scheme will invest 80-100% in equity and equity-related instruments of companies following manufacturing themes, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
Shriram Liquid Fund
It will be an open-ended liquid scheme with a relatively low interest rate risk and moderate credit risk. The scheme will be benchmarked against Nifty Liquid Index A-I. It will be managed by Deepak Ramaraju, Gargi Bhattacharya Banerjee
The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter. The scheme will invest 0-100% in debt and money market instruments (with maturity up to 91 days).
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Shriram Nifty 1D Rate Liquid ETF
The scheme will be an open-ended exchange traded fund replicating / tracking Nifty 1D Rate Index with a relatively low interest rate and relatively low credit risk. It will be benchmarked against Nifty 1D Rate Index. The scheme will be managed by Deepak Ramaraju, Gargi Bhattacharya Banerjee.
The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter. The scheme will invest 95-100% in tri-party repo on government, securities or t-bills, reverse repo and cash and cash equivalents, and 0-5% in other money market instruments with a residual maturity of upto 30 days.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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