According to the fund house, these are India’s first hybrid ETF and first smart beta-based hybrid index fund, respectively.
The new fund offer (NFO) for both schemes will open on July 10 and close on July 22, 2026. The ETF will reopen for continuous subscription on July 28, while the index fund will reopen on July 29.
Two funds differ in equity-debt allocation
Both schemes track a combination of the same underlying equity and debt indices but differ in their asset allocation.
The 50:50 ETF allocates half of its portfolio to equities and the remaining half to government securities, making it a balanced hybrid offering.
The 75:25 Index Fund allocates 75% to equities and 25% to government securities, making it an equity-oriented hybrid fund.
The equity component in both schemes tracks the Nifty200 Momentum 30 Index, a smart beta index that selects stocks based on recent risk-adjusted price momentum. The debt component tracks the Nifty 8-13 Year G-Sec Index, which invests in Government of India securities.
Monthly rebalancing, passive strategy
The fund house said the allocation between equity and debt will be reset every month, while the underlying equity index will be reconstituted twice a year in line with the index methodology.
As passive products, both schemes aim to replicate their respective benchmark indices instead of following active fund management.
The ETF will be listed on stock exchanges, allowing investors to buy and sell units during market hours. The fund house said taxation on ETF units will be applicable as per prevailing tax rules.
Investment details
The minimum investment during the NFO is ₹5,000, with subsequent investments allowed in multiples of Re 1.
Both schemes will be managed by Ekta Gala and Pranavi Kulkarni.
According to the scheme information, the debt portfolio will invest exclusively in Government of India securities and will not hold corporate bonds. The fund house noted that while sovereign securities do not carry credit risk, they remain exposed to interest rate risk due to their duration profile.
First Published: Jul 10, 2026 9:53 AM IST
