About the smallcase
Shariah - Mid Cap
- A socially responsible investment product that is attractive to faith-based investors who do not wish to invest in stocks that engage in activities that they deem to be against their beliefs.
- This smallcase meets the basic stipulations as commonly agreed and approved by contemporary Shariah scholars across the globe and is approved by ShariahCap Advisors LLP.
- Market capitalization shows the value of a corporation by multiplying the stock price by the number of stocks outstanding. Large Cap stocks are usually industry and sector leaders and represent well-known, established companies. Large Cap categorization is as per SEBI Circular dated Oct 6, 2017
- All investments will be withdrawn from the smallcase, which was shariah-compliant at the time of making investments but subsequently became Shariah non-compliant whether on business or financial parameters or both. Such investments will be withdrawn within 60 days of the company being declared Shariah non-compliant. The change will be made at the time of re-balancing and reason for exit of the company will be indicated with reason (i) Shariah Reason (SR) or (ii) Other Reason (OR).
- Investment objective is long term appreciation.
- There is no expense ratio, no exit charges and fee is charged based on the assets of the client.
- Stringent financial ratios
- For full compliance with shariah law investors are required to purge the pro-rata portion of interest income accrued on their holding of shares in a company.
- Suitable for investors who have a high-risk tolerance level.
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