The investment seeks to replicate, net of expenses, the S&P CNX Nifty Index.
The fund does not invest directly in securities but instead invest into unfunded swap transactions, which are derivative instruments linked to the index issued by third parties ("Swap Counterparties"). The index is a float-adjusted market
capitalization-weighted index that tracks the behavior of a portfolio of blue chip companies, the largest and most liquid Indian securities listed on the NSE.
