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IDFC Transportation and Logistics Fund Floats On

Published on Sep 27, 2022 11:52

IDFC Mutual Fund has launched a new fund named as IDFC Transportation and Logistics Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Equity Scheme - Thematic Fund

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 1000 and any amount thereafter.

Load structure: Entry Load - NIL. Exit Load - If redeemed/switched out within 1 year from the date of allotment - 1% of applicable NAV; If redeemed/switched out after 1 year from the date of allotment - Nil

Benchmark Index for the scheme is Nifty Transportation and Logistics Index

The fund managers of the scheme are Mr. Daylynn Pinto (equity portion), Mr. Harshal Joshi (debt portion) & Ms. Nishita Doshi will be managing overseas investment portion of the scheme.

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