Publish Date:
IDFC Mutual Fund has Introduced a new scheme – IDFC CRISIL IBX Gilt April 2026 Index Fund
It is an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX Gilt Index - April 2026 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 Gilt Index - April 2026 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 Gilt April 2026 Index Fund will hold an allocation of 95% to 100% of its assets in G-Secs forming part of the CRISIL IBX Gilt Index – April 2026 and 0% to 5% in Cash, Money Market Instruments.
As per the Scheme Information Document, IDFC CRISIL IBX Gilt April 2026 Index Fund The scheme is a target maturity index fund which will employ an investment approach designed to track the performance of CRISIL IBX Gilt Index - April 2026. 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.
During normal circumstances, the Scheme’s exposure to money market instruments will be in line with the asset allocation table. However, in case of maturity of G-Secs in the Scheme portfolio, the reinvestment will be in line with the index methodology.
IDFC CRISIL IBX Gilt April 2026 Index Fund’s performance will be benchmarked against CRISIL IBX Gilt Index - April 2026
The scheme will be managed by Mr Gautam Kaul.
The NFO opens for subscription on October 13, 2022 and closes on October 19, 2022. The schemes will reopen for continuous sale and repurchase within 5 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.