IDFC Mutual Fund launches IDFC Nifty ETF

NFO period: 07^th September – 30^th September, 2016

Highlights of the NFO:

• Scheme type – An Open Ended Exchange Traded Fund


• Investment objective – The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. Disclaimer: There can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – This product is suitable for investors who are seeking to create wealth over a long period of time by investing in securities covered by Nifty 50 Index.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Not available


• Fund Manager – Mr. Yogik Pitti


• Benchmark – Nifty 50