IDFC Infrastructure Equity Fund : NFO closes on 28th Feb 2011

by khalid on 23/02/2011 · 0 comments

IDFC Mutual Funds are handled by IDFC Asset Management Company Private Limited. The company has launched a New Fund Offer (NFO) named as IDFC Infrastructure Equity Fund, a mutual fund to help you earn from India’s infrastructure growth. This is an open ended equity scheme focused on Infrastructure theme. The objective of the scheme is to generate long-term capital growth through a diversified portfolio of predominantly equity and equity-related instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

The scheme would allocate 80% – 100% of assets in equities & equity related securities in companies engaged in infrastructural and infrastructural related activities with high risk profile. It would allocate upto 20% of assets in debt and money market instruments with low to medium risk profile.

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 is 1% if redeemed within 365 days from the date of allotment.

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

Fund NameIDFC Mutual Fund
Scheme Name IDFC Infrastructure Equity Fund
Scheme CategoryOpen Ended (Equity)
NFO Launch Date14th Feb 2011
NFO Closure Date28th Feb 2011
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website:-

India is growing at a furious pace. And needless to say, there is a huge demand for infrastructure. Be it roads, power, oil & gas, airports or ports. Which means, a huge growth potential for infrastructure companies! IDFC Infrastructure Fund invests your money in infrastructure companies so you can earn from their growth! Given IDFC’s pedigree as India’s infrastructure specialists, you can be rest assured to have your money in the most promising companies.

Note :- New fund offer (NFO) is going to close on 28th Feb 2011 so be fast to take advantage from India’s infrastructure growth and apply for IDFC Infrastructure Equity Fund today itself.

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