IDFC Emerging Business Fund

IDFC Emerging Business Fund NFO Details

IDFC Emerging Business Fund NFO period from Feb 3 to Feb to Feb 17, 2020:

The IDFC Mutual Fund introduced a new fund offer. The NFO is IDFC Emerging Business Fund. It was an open-ended equity scheme. The Fund mostly investing in small-cap funds. The NFO period will start on 3rd Feb and it will end on 17th Feb 2020. The scheme will reopen within 5 days from the subscription. 

NFO Details:

NFO Name IDFC Emerging Business Fund
Fund House IDFC Mutual Fund
NFO Period Feb 3 to Feb 17, 2020
Benchmark S&P BSE250SmallCap TRI

The benchmark of the NFO  is S&P BSE250SmallCap TRI. The NFO will be available in both the direct plans and regular plans. Initially, the face value of the NFO is Rs 10 per each unit. 

Entry Load and Exit Load:

There was nil entry load for this NFO. For redemption/switch outs within 365 days from the date of allotment of units: 1%. 

IDFC Emerging Business Fund Minimum Investment:

The minimum amount of investment should be Rs 5,000 and any amount thereafter. The additional investment needs to pay Ra 1,000 and any amount thereafter. 

Under SIP: Single person needs to invest a minimum of Rs 100. the investor can pay the amount in 6 installments.

Redemption: The minimum redemption amount is Rs 500 and in multiples of Re 1 thereafter.

STP-target Scheme: Rs 1,000 and any amount thereafter.

STP-fixed amount option: Rs 500 and any amount thereafter.

SWP: Rs 500 and in multiples of Re1 thereafter. 

Allocation Pattern:

Instruments Allocation (% of) Risk Profile
Equity and equity-related instruments of small-cap companies 65% to 100% Medium to High
Equity and equity-related instruments of other companies 0% to 35% Medium to High
Debt securities and money market instruments 0% to 35% Low to Medium
Units issued by REITs & InvITs 0% to 10% Medium to High

IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited are the asset management and trustee companies of this NFO. The objects of the NFO, it plans to generate long term capital appreciation by investing in equities and equity-linked securities of the small-cap segment.

Disclaimer: This post is just about scheme information. Investors should consult their financial advisers if in doubt about whether the product is suitable for them or any.

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