IDFC Mutual Fund launches IDFC Nifty ETF

Mutual Fund
Sep 7, 2016 by Advisorkhoj Team | Mutual Fund | 9 Downloaded

NFO period: 07th September – 30th September, 2016

Highlights of the NFO:

  • Scheme type – An Open Ended Exchange Traded Fund

  • Investment objective – The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. Disclaimer: There can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – This product is suitable for investors who are seeking to create wealth over a long period of time by investing in securities covered by Nifty 50 Index.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Not available

  • Fund Manager – Mr. Yogik Pitti

  • Benchmark – Nifty 50

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

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