The fund will invest in companies that may be divided into two distinct, groups, that is, core and satellite, based on market capitalisation, risk profile and return expectations.

The core group would comprise large cap stocks of companies with long successful track records. The satellite group will comprise of small- or mid-cap stocks.

The core group would constitute 60-80 percent of the fund and the satellite group would take up the remaining portion. The scheme is to be benchmarked against BSE 200 index.

Both classes of units are growth units and investor can apply for Class A or Class B or both.

The scheme will be listed on NSE Capital Market Segment. Minimum investment in the scheme is Rs 1,00,000 and the face value of the unit is Rs. 1,000. The issue opened on May 12, and ends on May 26.

The fund house has also sought SEBI's approval for an index plan, which will offer two plans, based on the Nifty and the Sensex. The plans would provide dividend and growth options.

The fund will invest in companies that are leaders in their sectors or sub-sectors. The fund would be benchmarked against the S&P CNX Nifty.

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