The fund's objective is to seek long-term capital growth by investing at least two thirds of the assets in Indian equities and equity-linked instruments. The Investment Manager will select a diversified range of listed equities reflecting the broad spectrum of the Indian economy. The Sub-Fund will principally consist in securities of those companies that the Investment Manager considers to have potential for earnings growth and the management and financial resources to achieve it. The Sub-Fund may invest in financial derivative instruments for hedging purpose only. The remaining part of the assets may be invested in the values and instruments described under "Introduction to the Equity Sub-Funds".