IDFC Infrastructure Equity Fund : NFO opening on 14th Feb 2011

by khalid on 15/02/2011 · 2 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. 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:- www.idfcmf.com

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{ 2 comments… read them below or add one }

Priya Narsinghani February 16, 2011

I Have invested in this fund. I think in the long run infrastructure funds are a very promising investment.

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khalid February 16, 2011

Hi Priya,

Exactly, these infra funds will give a good return in long term as well the money will be used for development of our country.

Thanks for dropping by.

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