Publish Date:
IDFC Mutual Fund has Introduced a new scheme – IDFC Nifty100 Low Volatility 30 Index Fund
It is an open-ended scheme tracking Nifty100 Low Volatility 30 Index
Accordingly, the investment objective of the Scheme is to replicate the Nifty100 Low Volatility 30 index by investing in securities of the Nifty100 Low Volatility 30 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty100 Low Volatility 30 Index, subject to tracking errors.
However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Under normal circumstances, IDFC Nifty100 Low Volatility 30 Index Fund will hold an allocation of 95% to 100% of its assets in Securities belonging to the Nifty100 Low Volatility 30 Index and 0% to 5% in Debt & Money Market instruments.
As per the Scheme Information Document, IDFC Nifty100 Low Volatility 30 Index Fund will be managed passively with investments in stocks in a proportion to the weights of these stocks in the Nifty100 Low Volatility 30 Index.
The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme.
IDFC Nifty100 Low Volatility 30 Index Fund’s performance will be benchmarked against Nifty100 Low Volatility 30 TRI
The scheme will be managed by Mr Nemish Sheth
The NFO opens for subscription on September 15, 2022 and closes on September 23, 2022. The scheme will reopen for continuous sale and repurchase within 5 Business Days from the date of allotment.
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: IDFC Nifty100 Low Volatility 30 Index Fund: Aims to Lower the Volatility of Your Portfolio?]