Type of Scheme : An Open Ended Exchange Traded Fund
Benchmark : Nifty 50 Index
Allocation:Under normal circumstances, the asset allocation pattern of the Scheme is as follows:
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.
Fund Manager : Mr. Ashish Agarwal
About Fund Manager : Mr. Agarwal has done his Bachelor of Commerce from University of Lucknow and has followed it up with a PGDBM in Finance from Institute of Management Technology, Ghaziabad. He brings with him 12 years of rich experience in the Capital markets. He has previously worked with leading houses like Citigroup, RBS and Edelweiss.
Other Funds Managed by by Mr. Ashish Agarwal : Motilal Oswal MOSt Shares Midcap 100.
Date of Allotment: 28th July 2010
Entry Load: Nil
Exit Load: Nil
Tracking Error*: 0.48% (Annualised)
Total Expense Ratio^ : 1.50% p.a
Standard Deviation: 16.72 (Annualised)
Sharpe Ratio#: 0.45 (Annualised)
Portfolio Turnover Ratio: 0.03
Monthly AAUM : 20.76
Latest AUM (28th February 2017) : 20.90
*Against the benchmark Nifty 50 Index.
^Total Expense ratio excluding ST, SBC and KKC and are as on 28-February-2017
#Risk free returns based on last overnight MIBOR cut-off of 6.05%
(Data as on 28th February 2017)