IDFC Mutual Fund launches IDFC US Equity Fund of Fund
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)
