SMIN

SMIN tracks a benchmark of a representative basket of small-cap stocks that's very difficult to access, thus delivering exposure that's in line with the Indian small-cap market. SMIN generally invests at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics substantially identical to the same, and utilizes a representative sampling indexing strategy in order to manage the fund. The underlying index is market-cap-weighted and is based on the MSCI Global Investable Indexes (GIMI) Methodology — designed with a strong emphasis on index liquidity, investability and replicability. The index is reviewed quarterly and rebalanced semi-annually.