The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
The investment objective of the Scheme is to generate returns that are in line with the performance of the underlying scheme, subject to tracking error.
These preference shares are perpetual & non-cumulative.
To achieve the investment objective, the scheme will follow passive investment strategy with investments in stocks in the same proportion as in Nifty Smallcap 50 Index.
The company has fixed record date for the payment as March 29, to determine the eligibility of shareholders.
The plant occupies 20 acres of land.
The company will use net proceeds from the IPO to fund the working capital requirements and for other general corporate purposes.
Total dividend that will be paid is Rs 2,630 crore.
Axis S&P BSE Sensex ETF aims to provide returns that correspond to the returns provided by S&P BSE Sensex TRI.
ICICI Prudential Nifty PSU Bank ETF aims to provide returns that correspond to the returns provided by NIFTY PSU Bank Index.