MUTUAL FUNDS
IDFC Mutual Fund files offer document for Equity Opportunity–Series 6 and 7
Feb-23-2018

IDFC Mutual Fund has filed offer document with SEBI to launch an open ended scheme named as ‘IDFC Equity Opportunity–Series 6 and 7’. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be nil for the scheme.

The Scheme offers Growth and Dividend Option and seeks to collect a Minimum Target Amount of Rs 10,00,00,000. The scheme’s performance for schemes will be benchmarked by S&P BSE 500 Index. The minimum application amount for new purchase is Rs 5,000 and multiple of Rs 10 thereafter.

The investment objective of the scheme is to generate capital appreciation from a  portfolio that is invested  in  equity  and  equity  related  securities  of  companies across  market capitalization that will benefit from growth of the Indian and the global economy and  in Debt and  Money Market instruments  maturing on or before  the maturity of  the scheme.

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