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.
Even though the Japanese markets were shut for a holiday, Nikkei futures trading in Chicago indicated a bullish sentiment.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
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.
Amidst volatile trading, S&P 500 futures climbed 0.7%.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.
The scheme is a target maturity fund and will be managed passively by tracking the performance of Nifty G-sec Jul 2027 Index
Big US banks to deposit $ 30 billion in First Republic Bank to support it.
The scheme is a target maturity fund and will be managed passively by tracking the performance of Nifty G-sec Jul 2027 Index.