Benchmark S&P CNX 500 Fund is an open-ended index scheme. The investment objective of the scheme is to generate capital appreciation through equity investments by investing in securities, which are constituents of S&P CNX 500 Index in the same proportion as in the index.
The scheme will not levy any entry load.For investment less than Rs 2 crore, the scheme charges 1.50% of an exit loads if redeemed within 1 year from the date of allotment. 1.00% if redeemed after 1 year but within 2 years from the date of allotment. 0.50% if redeemed after 2 years but within 3 years from the date of allotment. And it will not charge any exit if redeemed after 3 years from the date of allotment.
For investments of Rs 2 crore and more, the scheme will charge 0.50% of an exit load if redeemed up to 3 months from date of allotment and nil for the redemption made after 3 months from the date of allotment.
The minimum application amount will be Rs 10,000 and in multiples of Re. 1 thereafter. And the minimum amount for the subsequent purchase will be Rs 1000 and in multiples of Re. 1 thereafter.
The fund manager for the scheme is Vishal Jain. The benchmark index for the scheme would be S&P CNX 500 Index.
