IDFC Mutual Fund launches IDFC Dual Advantage Fund - Series 1

Mutual Fund
May 26, 2017 by Advisorkhoj Team | Mutual Fund | 16 Downloaded

NFO period: 26th May – 09th June, 2017

Highlights of the NFO:

  • Scheme type – A close ended income scheme

  • Investment objective – The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the scheme. The scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realized.

  • Product suitability – This product is suitable for investors who are seeking to generate short to medium term optimal returns by investing primarily in a portfolio of fixed income and money market securities maturing on or before the maturity of the scheme and the balance in equity and equity related instruments.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Payout Option.

  • Fund Managers –

    • Mr. Sumit Agrawal – Equity portion

    • Mr. Anurag Mittal – Fixed Income portion

  • Benchmark – 80% Crisil Short-Term Bond Fund Index + 20% Nifty 50 Index

  • Maturity period – 1107 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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