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Monday, September 22, 2014

IDFC MF Launches IDFC Dynamic Equity Fund

NFO period is from 17 September to 01 October 2014 

IDFC Mutual Fund has launched a new fund named IDFC Dynamic Equity Fund, an open ended equity fund. The new fund offer price for the scheme is Rs 10 per unit. The new issue will open for subscription from 17 September to 01 October 2014. 

The primary investment objective of the scheme is to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate income and capital appreciation through investment in Debt & Money Market instruments. 

The scheme offers two options viz. growth and dividend option. Dividend option offers payout and reinvestment facility. 

The scheme would invest 65%-100% of its assets in equity and equity related instruments with medium to high risk profile, invest upto 35% of assets in equity derivatives and invest upto 35% in debt securities & money market instruments (including cash & cash equivalent) with low to medium risk profile. 

Minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Nil. 

Exit load: 1.5%, if redeemed/switched out within 18 months from the date of allotment. 

The performance of the scheme will be benchmarked against CNX Nifty Index and Crisil Balanced Fund Index. 

The fund managers of the scheme are Punam Sharma and Suyash Choudhary. Meenakshi Dawar is the dedicated fund manager for foreign securities. 
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