IDFC Mutual Fund launches IDFC US Equity Fund of Fund

Mutual Fund
Jul 29, 2021 by Advisorkhoj Team | Mutual Fund | 13 Downloaded

NFO period: 29th July – 12th August, 2021

Highlights of the NFO:

  • Scheme type – Small Cap Fund – An open ended fund of fund scheme investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities

  • Investment objective – The Fund seeks to generate long term capital appreciation by investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities. However, there can be no assurance that the investment objective of the scheme will be realized.

  • Product suitability – This product is suitable for investors who are seeking to create wealth over long term diversification of returns through by investing in a fund mainly by investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) which by investing in US Equity securities.

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

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option & Income Distribution cum capital withdrawal Option.

  • Fund Managers – Mr. Viraj Kulkarni and Mr. Harshal Joshi

  • Benchmark – Russell 1000 Growth Index (Total Return Net of 30% withholding tax)

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

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