IDFC Mutual Fund launched new fund offer IDFC Dynamic Equity Fund , a Open Ended scheme. The NFO Opens for subscription on 17 Sep 2014 & closes on 01 Oct 2014. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
|Scheme Name||ICICI Pru Growth Fund - Series 3|
|Fund House||ICICI Prudential Mutual Fund|
|Type||Close Ended Scheme|
|Benchmark||CNX Nifty Index|
|Option||Growth / Dividend|
|Fund Manager||Manish Gunwani|
|Scheme Name||ICICI Pru. Growth Fund - Series 3|
|NFO Open||17 Sep 2014|
|NFO Close||01 Oct 2014|
|Scheme Type||3.5 year Closed Ended scheme|
|Minimum Application Amount||Rs 5000|
|Load Structure||For Purchase during NFO : Entry & Exit - NIL|
Cheque Details : ” IDFC Dynamic Equity Fund “
Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective for IDFC Dynamic Equity Fund
The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through sysyematic 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.
Investment Strategy of the IDFC Dynamic Equity Fund.
The scheme aims to dynamically manage equity and debt exposure in the portfolio. Such strategy will minimize the risk and optimize the risk return proposition for a long term investor.
The extent of equity exposure would be guided by an underlying quantitative model. The balance will be invested in debt and money market securities. The fund managers will follow a passive investment strategy and take equity exposure depending on opportunities available at various points in time based on the month-end weighted average PE ratio and 200 day Moving Averages of the CNX Nifty Index.
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