IIFL Mutual Fund files offers document for Flexicap Fund
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IIFL Mutual Fund has filed offer document with SEBI to launch an open-ended dynamic equity scheme named ‘IIFL Flexicap Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load for redemption/switch-out of units before 365 days from the date of allotment will be 1% of the applicable NAV; for redemption/switch-out of units on or after 365 days from the date of allotment will be NiI. The Scheme offers growth and dividend option for investment, and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme is benchmarked by S&P BSE 500 TRI. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by primarily investing in equity and equity related securities across the entire market capitalization range and investing the remaining portion in debt and money market instruments.
