IDFC introduces Nifty100 Low Volatility 30 Index Fund
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IDFC Mutual Fund (MF) has launched IDFC Nifty100 Low Volatility 30 Index Fund, an open-ended scheme tracking Nifty100 Low Volatility 30 Index. The NFO opens for subscription on September 15, 2022 and closes on September 23, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty100 Low Volatility 30 TRI and its fund manager is Nemish Sheth.
The investment objective of the scheme is to replicate the Nifty100 Low Volatility 30 index by investing in securities of the Nifty100 Low Volatility 30 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty100 Low Volatility 30 Index, subject to tracking errors.
