The new fund offer of the scheme is open for subscription, and it will close on June 29.
The performance of the scheme will be benchmarked against Nifty Microcap 250 TRI. The scheme will be managed by Swapnil Mayekar and Rakesh Shetty (Debt).
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty Microcap 250 TRI, subject to tracking error.
The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter. The scheme will offer a regular plan and direct plan – with growth and IDCW options.
The scheme would invest in the securities comprising the Nifty Microcap 250 Total Return Index in the same proportion (weights) as in the index and track the benchmark index. The scheme may also invest in the money market instruments, in compliance with regulation to meet liquidity requirements. The scheme will invest 95-100% in constituents of Nifty Microcap 250 Index and 0-5% in units of liquid schemes and/or money market instruments. The scheme is suitable for investors who are seeking a return that corresponds to the total returns of Nifty Microcap 250 Total Return Index, subject to tracking error. Long-term capital growth.
