IDFC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named IDFC Multi Cap Fund‘. The New Fund Offer price Rs 10.
Entry load will be nil and Exit load will be If redeemed/switched out within 1 year from the date of allotment will be 1% of applicable NAV; If redeemed/switched out after 1 year from the date of allotment will be Nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY 500 Multicap 50:25:25 TRI. The minimum application amount will be Minimum of Rs 5000 and Re 1 thereafter.