“India is in a period of unprecedented opportunity, challenge and ambition in its development”
-THE WORLD BANK, COUNTRY PARTNERSHIP FRAMEWORK FOR INDIA, 2019.
Prosperity Index Fund
Fund Overview
Prosperity Index Plus Fund Invests in bluechip companies & emerging leaders that are at the forefront of India’s growth story.
A low cost fund with distinct advantages over a regular index fund.
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Majority of the fund (>85%) is invested in large blue chip companies that constitute the Nifty 50 Index.
A small fraction of the fund (<15%) is invested in companies from the Nifty 200 Index.
Objective of the fund is wealth creation for investors with minimal portfolio volatility over the long run.
Benchmark is Nifty50.
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Prosperity Index Plus Fund is Ideal for conservative equity Investors.
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Minimum Investment is INR 50,00,000 for Indian citizens.
Investment Philosophy
Prosperity Index Plus Fund invests in a diversified portfolio of Large cap stocks with a long track record of secular earnings growth.
The fund may utilise derivatives to hedge downside risks when adverse market conditions are anticipated in the near future.
PIF is a reflection of India’s growth story and bets on the basic premise that the Indian economy would continue to witness stable growth over the coming decades.
This fund is ideal for investors who are new entrants to the equity markets and are looking for an investment avenue to beat Bond/FD returns over the long-run (5+ years).
As the fund primarily invests in large cap companies it is relatively less volatile than sector/ theme oriented funds or Small-cap/ multi-cap funds making it suitable for conservative equity investors.