Scheme: Benchmark S&P; CNX 500 Fund is an open ended Index scheme. It is designed to provide returns that closely correspond to the returns of stocks as represented by S&P; CNX 500. The scheme has a growth option and dividend option. The dividend option has two facilities dividend payout and dividend reinvestment.

Face Value: Rs. 10 per unit.

Minimum Investment Amount: The minimum application amount under the scheme is Rs. 10000 and in multiple of Re 1 thereafter.

Objective: The investment objective of the scheme is to generate capital appreciation through equity investments by investing in securities, which are constituents of S&P; CNX 500.

Entry Load: Nil

Exit Load: The scheme carries an exit load of 2.25% if the investment redeemed within 1 year from the date of allotment. The exit load will come down to 1.50% if the investment is redeemed after 1 year but within 2 year from the date of allotment. It will come down further to 1.00% if the investment is redeemed after 2 year but within 3 year from the date of allotment. There will not be any exit load charged on the redemption made after 3 years of investment.

Asset Allocation: The scheme will invest 90% - 100% in Securities constituting S&P; CNX 500, derivatives on the securities constituting S&P; CNX 500 and derivatives on indices comprising of securities constituting S&P; CNX 500. The investment in Money Market instruments, convertible bonds & other securities including cash at call will be up to 10%

Fund Manager: Mr. Vishal Jain

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