Type of Scheme : An Open Ended scheme replicating Nifty Midcap 100 Index
Benchmark : Nifty Midcap 100 Index
Allocation:
The above stated percentages are indicative and not absolute
The Scheme may take an exposure to equity derivatives of constituents of the Underlying Index for short duration when securities of the Index are unavailable, insufficient or for rebalancing at the time of change in Index or in case of corporate actions. When constituents securities of underlying Index are available again, derivative positions in these securities would be unwound. The total exposure to derivatives would be restricted to 10% of the net assets of the Scheme. The margin paid for derivative instruments will form part of Debt and Money market Instruments.
Methodology and illustration of sale and repurchase price of units
a) Methodology of calculating sale price: The price or NAV, an investor is charged while investing in an open-ended scheme is called sale or subscription price. Pursuant to SEBI Circular dated June 30, 2009, no entry load will be charged by the scheme to the investors. Therefore, sale or subscription price = Applicable NAV (for respective plan and option of the scheme)
Example: An investor invests Rs. 10,000/- and the current NAV is Rs. 10/- then the purchase price will be Rs. 10/- and the investor receives 10,000/10 = 1000 units
b) Methodology of calculating repurchase price of units: Repurchase or redemption price is the price or NAV at which an open-ended scheme purchases or redeems its units from the investors. It may include exit load, if applicable. The exit load, if any, shall be charged as a percentage of Net Assets Value (NAV) i.e. applicable load as a percentage of NAV will be deducted from the "Applicable NAV" to calculate the repurchase price. Therefore, repurchase or redemption price = Applicable NAV * (1- Exit Load, if any)
Example: If the applicable NAV is Rs. 10 and a 2% exit load is charged, the redemption price per unit will be calculated as follows: = Rs. 10 * (1-0.02) = Rs. 10 * (0.98) = Rs. 9.80
Fund Manager : Mr. Ashish Agarwal
Date of Allotment: 31st January 2011
Entry Load: Nil
Exit Load: Nil
Tracking Error*: 0.32% (Annualised)
Standard Deviation: 16.81 (Annualised)
Sharpe Ratio#: 0.14 (Annualised)
Portfolio Turnover Ratio: 0.41
Beta: 0.96
Monthly AAUM : 24.53
Latest AUM : 24.52
*Against the benchmark Nifty Midcap 100 Index.
#Risk free returns based on last overnight MIBOR cut-off of 5.97%
Data as on 30-June-2019