Benchmark Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch Infrastructure Benchmark Exchange Traded Scheme (Infra BeES), an open-ended, exchange listed, index scheme tracking CNX Infrastructure Index.

The new fund offer (NFO) price for the scheme is Rs 10 per unit.

Investment objective:
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Infrastructure Index. However, the performance of scheme may differ from that of the underlying index due to tracking error.

Posted by rjorr at August 15, 2009 1:02 PM