Do you want to Invest in NIFTY?
As an investor, you could also invest some of your funds in the NIFTY index where most of the reputed stocks would be representing NIFTY. The returns generated by NIFTY would be generated in the schemes, subject to the tracking error.
Name of the Scheme: Birla Sunlife Nifty ETF
Type of Scheme: Open Ended, Index Linked, ETF
Investment Objective:
The investment objective of the scheme is to provide returns that which corresponds to the returns generated by S&P CNX Nifty. The returns are subjected to Tracking Errors.
NFO Open date: July, 04, 2011
NFO Closing date: July, 18, 2011
Scheme Opening for Repurchase: August, 01, 2011
NFO Price of the Scheme: Rs 10 per unit
Minimum Application Amount: Rs 5000
Entry Load: NIL
Exit Load: NIL
Portfolio Allocation:
The scheme would invest 95% to 100% of the amount in the securities of the Benchmark Index. The remaining amount of around 5% would be invested in debt and money market instruments.
Happy Investing!!
