The IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 each aggregating to Rs 66 crore.
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%.
Eicher Motors emerged as the top laggard on NSE.
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.
Nifty metal pack is trading ~3% lower.