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IDFC Mutual Fund (MF) has launched IDFC Nifty 100 Index Fund, an open-ended scheme tracking Nifty 100 Index. The NFO opens for subscription on February 07, 2022 and closes on February 18, 2022. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked to Nifty 100 TRI and its fund manager is Nemish Sheth.

The investment objective of the Scheme is to replicate the Nifty 100 index by investing in securities of the Nifty 100 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty 100 Index, subject to tracking errors.