IDFC Capital Protection Oriented Fund – Series III : NFO

by khalid on 30/06/2010 · 0 comments

IDFC Mutual Fund are handled by IDFC Asset Management Company Private Limited.. The company has launched a New Fund Offer (NFO) named as IDFC Capital Protection Oriented Fund – Series III. This is a close ended income scheme for 3 years. The objective of the scheme is to to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. However, there can be no assurance that the investment objective of the scheme will be realized.

The scheme would allocate up to 16% of assets in equities & equity related securities and 84% to 100% of assets in debt securities & money market instruments .

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load too is nill.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Ashwin Patni is the Fund Manager of the plan.

Fund NameIDFC Mutual Fund
Scheme Name IDFC Capital Protection Oriented Fund - Series III
Scheme CategoryClose Ended (Income)
NFO Launch Date28th Jun 2010
NFO Closure Date20th Aug 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website:- www.idfcmf.com

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