IDFC MF unveils Equity Opportunity- Series1

Mutual Funds

oi-Sneha

By Sneha B K

Published: Tuesday, April 9, 2013, 15:25 [IST]

IDFC Mutual Fund has unveiled a new fund named as IDFC Equity Opportunity- Series1, a 3 year Close Ended Equity scheme from IDFC Mutual Fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO open on April 9, 2012 and closes on 10 April 2013.

A 3 year close-ended equity fund
One time investment (No SIP/ STPs)
Minimum amount of 5,000 with a dividend pay-out option
NFO closes 10th April, 2013

Investment Objective:

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 Fund will invest in either growth stocks or value stocks or both without any capitalization bias. As and when the fund manager is of the view that the investment has met its desired objective, the same shall be liquidated and distributed by way of dividend.

However, there can be no assurance that the investment objective of the Scheme will be realized.

Repurchase facility:

No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode

Repatriation Facility:

NRIs, FIIs and PIOs may invest in the scheme on a full repatriation basis. (Investment will be governed by rules laid down by RBI/SEBI in this regard).

Taxation:

As per the present tax laws, the income distributed by the Scheme is exempt in the hands of investors. Units of the Scheme are not subject to Wealth Tax and Gift Tax. There will also be no tax deduction at source on redemption irrespective of the redemption amount for resident investors

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