To Invest In Companies Which Are Constituents Of Nifty 50 Equal Weight Index (Underlying Index) Inthe Same Proportion As In The Index And Seeks To Generate Returns That Are Commensurate (Beforefees And Expenses) With The Performance Of The Underlying Index, Subject To Tracking Error.However, There Is No Assurance That The Objective Of The Scheme Will Be Achieved. The Schemedoes Not Assure Or Guarantee Any Returns.
Tax Implications
Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds