Mutual Fund News : IDFC Mutual Fund launches IDFC Emerging Businesses Fund

Publish Date:

IDFC Mutual Fund has launched IDFC Emerging Businesses Fund. It is an open ended equity scheme predominantly investing in small cap stocks.

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment. However, there is no assurance or guarantee that the objectives of the scheme will be realised.

The performance of the fund will be benchmarked against S&P BSE 250 SmallCap TRI (Total Return Index).

The fund will be managed by Mr Anoop Bhaskar and Mr Viraj Kulkarni.

The NFO opens for subscription on February 03, 2020 and closes on February 17, 2020.

The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme offers Direct Plan and Regular Plan having Growth Option and Dividend Option (with Reinvestment and Payout options).