The scheme will adhere to the investment restrictions stipulated / advocated under Shariah principles. Shariah principles have been evolved over a period of time and are being reviewed periodically by the Shariah boards

1. The fund shall invest only in listed, to be listed securities of companies incorporated in, or operating principally from, or carrying significant operations in, or derive substantial revenue from India. Such securities may include;
   • Common Stock or Equities;
   • GDRs or
   • other instruments with equity features.
2. The fund shall not invest in the instruments which are in form and substance not compliant with the Shariah principles, such instruments include the following:
   • Preferred Stock (preference shares or securities with such features);
   • Options
   • Conventional Money Market Instruments
   • Futures and
   • Other derivative instruments.
3. The fund shall not leverage its assets for borrowing
4. The fund shall not indulge in short selling

0.50% of NAV if redeemed/switched out on or before 90 days from the date of allotment.