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News IDFC Mutual Fund launches IDFC Transportation and Logistics Fund
Oct 6, 2022
Mutual Fund
IDFC Mutual Fund launches IDFC Transportation and Logistics Fund
NFO period: 04th October - 18th October, 2022
Highlights of the NFO:
- Scheme type - An open-ended equity scheme investing in transportation and logistics sector
- Investment objective - The scheme seeks to generate long-term capital growth by investing predominantly in equity and equity related securities of companies engaged in the transportation and logistics sector. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
- Product suitability - This product is suitable for investors who are seeking to create wealth over a long term by investing predominantly in equity and equity related instruments of the companies engaged in the transportation and logistics sector.
- Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available - Regular Plan & Direct Plan having Growth Option and Income Distribution cum capital withdrawal Option. Under both the Plans further offers Payout of Income Distribution cum capital withdrawal option, Reinvestment of Income Distribution cum capital withdrawal option & Transfer of Income Distribution cum capital withdrawal plan.
- Fund Managers - Mr. Daylynn Pinto (equity portion) and Mr. Harshal Joshi (debt portion)
- Benchmark - Nifty Transportation and Logistics Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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