The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.

• The Nifty EV New Age Automotive Index seeks to capture the entire ecosystem of companies and industries involved in Electric Vehicles and other new age automotive developments like hybrid vehicles, fuel cell, automation etc.
• The index aims to capture not only current automotive disruptions like Electric Vehicles, Hybrid Vehicles, Battery Manufacturing etc. but also initiatives and possibly future disruptions like Hydrogen fuel cell, Autonomous Vehicles etc.
• The total exposure to automobile manufacturers will be capped at 40 at the time of index rebalancing and hence 60 exposure will be towards segments like auto ancillaries, battery, battery chemicals, automation and connectivity etc.
• The Index will also have exposure to companies which are part of FAME (Faster Adoption Manufacturing of Electric Vehicles) and PLI (Production linked Incentive) initiative in the concerned space
• The index aims to provide well diversified exposure to Large, mid and small cap companies where top stock from automobile manufacturing segment is capped at 8% and from other segments are capped at 4%