Publish Date:
IDFC Mutual Fund has Introduced a new scheme – IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund
It is an open-ended target maturity index fund investing in constituents of CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 with relatively high interest rate risk and relatively low credit risk.
Accordingly, the investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Under normal circumstances, IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund will hold an allocation of 95% to 100% of its assets in SDLs securities forming part of the SDL portion of CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 and in G-Secs securities forming part of the G-Sec portion of CRISIL IBX 90:10 SDL plus Gilt Index – April 2032 and 0% to 5% in Cash, Money Market Instruments.
As per the Scheme Information Document, IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund is a target maturity index fund which will employ an investment approach designed to track the performance of CRISIL IBX 90:10 SDL plus Gilt Index – April 2032.
The Scheme would seek to invest in the securities forming part of underlying index. Where the scheme is not able to replicate the benchmark index completely on account of non-availability of the issuances of the issuer forming part of benchmark index, the Scheme would adhere with the requirements stipulated in SEBI Circular dated May 23, 2022 and other SEBI Guidelines/Circulars issued from time to time.
IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund’s performance will be benchmarked against CRISIL IBX 90:10 SDL plus Gilt Index – April 2032.
The scheme will be managed by Mr Gautam Kaul and Mr Harshal Joshi.
The NFO opens for subscription on November 14, 2022 and closes on November 28, 2022. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment of units.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.
[Read: Will IDFC CRISIL IBX 90:10 SDL Plus Gilt– April 2032 Index Fund Boost Your Debt Portfolio Returns?]