Scheme Type: ETF

Directly with Mutual Fund - The Authorized Participant/Large Investor can redeem the units of the Scheme directly with the Mutual Fund only in Creation Unit Size, subject to exit load, if any. The number of units of the Scheme that authorized participant/ large investor can redeem is 50,000 units and in multiples thereafter. In line with SEBI circular dated October 11, 2006 read with circular dated July 30, 2021 transactions in units the Scheme by Authorized Participants / Large Investors, directly with the AMC, intra-day NAV, based on the executed price at which the securities representing the underlying index are sold, shall be applicable.
On Exchange - There is no minimum investment, although Units are purchased /sold in round lots of 1 Unit at the price quoted on NSE and/or any other stock exchange.


Investors can directly approach the AMC for redemption of units of ETFs, without any exit load, in case of the following scenarios:
i. Traded price (closing price) of the ETF units is at discount of more than 1% to the day-end NAV for 7 continuous trading days, or
ii. No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or
iii. Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days
In case of the above scenarios, applications received from investors for redemption upto 3.00 p.m. on any trading day, shall be processed by the AMC at the closing NAV of the day.
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