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Thursday, January 09, 2014

IDFC Equity Opportunity - Series 2 Floats On

NFO period is from 13 January to 24 January 2014 

IDFC Mutual Fund has launched a new fund named IDFC Equity Opportunity - Series 2, a close ended equity scheme. The new issue will open for subscription from 13 January to 24 January 2014. 

The primary investment objective of the scheme is to seek to generate capital appreciation from a portfolio that is invested in equity and equity related securities of companies. 

The scheme offers regular & direct plan, dividend payout option and dividend sweep option. 

The scheme will invest 65%-100% of its assets in equities and equity related instruments with high risk profile and invest upto 35% of its asset in debt & money market instruments with low to medium risk profile. Investment in derivatives upto 50% of the net asset of the scheme. 

Minimum application amount is Rs 5,000 and in multiples of Rs 10. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is BSE 500 Index. 

The scheme will be managed by Kenneth Andrade.
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