Name of the Fund: Benchmark Mutual Fund S&P CNX 500
Name of the AMC: Benchmark Asset Management Company Pvt. Ltd.
New Fund Offer Opens on Nov. 17, 2008
New Fund Offer Closes on Dec. 15, 2008
Investment Objective
The investment objective of the Benchmark S&P CNX 500 Fund 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
Investment Strategy
The AMC uses a “passive” or indexing approach to try and achieve Scheme’s investment objective. Unlike other Funds, the Scheme does not try to “beat” the markets they track and do not seek temporary defensive positions when markets decline or appear overvalued. The AMC does not make any judgments about the investment merit of a particular stock or a particular industry segment nor will it attempt to apply any economic, financial or market analysis. Indexing eliminates active management risks with regard to over/under performance vis-à-vis a benchmark.
The Scheme will invest at least 90% of its total assets in the stocks of its Underlying Index. Due to corporate action in companies comprising the Index, the Scheme may be allocated / allotted securities which are not part of the Index. Hence, the Scheme may hold upto 10% of their total assets in stocks not included in the corresponding Underlying Index. For example, the AMC may invest in stocks not included in the relevant Underlying Index in order to reflect various corporate actions (such as mergers) and other changes in the relevant Underlying Index (such as reconstitutions, additions, deletions and these holdings will be in anticipation and in the direction of impending changes in the underlying index).
Asset Allocation Pattern of the Scheme
Securities constituting S&P CNX 500, derivatives on securities constituting S&P CNX 500 90%-100%
Money Market Instruments, G-Secs, Bonds, Debentures and cash at call 0%-10%
The notional exposure of Scheme in derivative instruments shall be restricted to 10% of the net assets of the Scheme. The above stated percentages are indicative and not absolute.
Plan Options
Growth
Dividend - a) Dividend Payout b) Dividend Reinvestment
Minimum Application Amount
Rs. 10,000/- (Rupees Ten Thousand) and in multiples of Re. 1/- thereafter
Systematic Investment Plan (SIP)
The minimum amount for each installment is Rs.1,000/- and in multiples of Re.1/- thereafter and minimum number of installments for SIP will be 12. Please refer to the SIP Enrolment Form for terms & conditions before enrolment
Entry Load - Nil
Exit Load
For Investments less than Rs. 2 Crores
- Redeemed within 1 year from date of allotment - 1.50%
- Redeemed after 1 year but within 2 years from date of allotment - 1.00%
- Redeemed after 2 years but within 3 years from date of allotment - 0.50%
- Redeemed after 3 years from date of allotment - Nil
For Investments of Rs. 2 Crores and more
- Redeemed within 3 months from date of allotment - 0.50%
- Redeemed after 3 months from date of allotment - Nil
Benchmark Index
S&P CNX 500 Index
Name of the Fund Manager
Mr. Vishal Jain
Investment Manager
BENCHMARK ASSET MANAGEMENT COMPANY PVT. LTD.
405, Raheja Chambers, Free Press Journal Marg,
213, Nariman Point, Mumbai - 400021
Phone:91-22-6651 2727 Fax: 91-22-2200 3412
Toll free No: 1800-22-5079
E-mail : [email protected]
Website : http://www.benchmarkfunds.com
Registrar
M/s Karvy Computershare Private Limited
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