Uniquely Indian, undeniably global asset management.
IIFL Asset Management is an India-focussed, global asset management firm.
Type of Scheme:
An open ended Passive Equity Linked Saving Scheme with a statutory lock-in period of 3 years and tax benefit, replicating/tracking the Nifty 50 index.
The investment objective of scheme is to invest in stocks comprising the Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total Returns Index of Nifty 50 Index (subject to tracking error), while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus.
There is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Nifty 50 TRI
The investment policies of the Scheme shall be as per SEBI (Mutual Funds) Regulations, 1996, and within the following guidelines. Under normal market circumstances, the investment range would be as follows:
|Instruments||Indicative Allocation (% of Net assets)||Risk Profile|
|Equity or Equity related instruments||95%||100%||High|
|Debt and Money market instruments||0%||5%||Low to Moderate|
The scheme may also invest upto 5% in liquid schemes of 360 ONE Mutual Fund (formerly known as IIFL Mutual Fund) or other schemes which has objective to invest in debt and money market instruments.
For more information on Asset Allocation, refer the Scheme Information Document.
Minimum Application Amount:
New Purchase - Rs.500/- and in multiples of Rs.500/- thereafter.(subject to lock-in-period of 3 years from the date of allotment)
Additional Purchase - Rs.500/- and in multiples of Rs.500/- thereafter.(subject to lock-in-period of 3 years from the date of allotment)
Systematic Investment Plan (SIP)
Note:* Weekly and Fortnightly SIP frequencies are not available on BSE STAR MF platform.
Entry Load: Not Applicable
The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the Distributor, based on his assessment of various factors including the service rendered by the Distributor.
Exit Load: NIL
Mr. Parijat Garg
Tracking Error (%):
Regular - 0.12
Direct - 0.12
Tracking Difference as on 31st August 2023 (in %):
Regular - 0.79
Direct - 0.54
Monthly disclosure document - August 2023
Nifty 50 Constituents – As on 13 July 2023
* Fund exists for less than one year. So, the tracking error is calculated by annualising available data
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.