IDFC Mutual Fund launches IDFC Nifty200 Momentum 30 Index Fund

NFO period: 19^th August – 26^th August, 2022

Highlights of the NFO:

• Scheme type – An open ended scheme tracking Nifty200 Momentum 30 Index


• Investment objective – The investment objective of the scheme is to replicate the Nifty200 Momentum 30 index by investing in securities of the Nifty200 Momentum 30 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty200 Momentum 30 Index, subject to tracking errors. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking create wealth over a long term by investing in equity and equity related instruments belonging to Nifty200 Momentum 30 Index.


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


• Plan/ Options available – Regular Plan & Direct Plan having Growth Option and Income Distribution cum capital withdrawal Option. Income Distribution cum capital withdrawal Option under both the Plan(s) offer Payout of Income Distribution cum capital withdrawal option, Reinvestment of Income Distribution cum capital withdrawal option & Transfer of Income Distribution cum capital withdrawal option (from Equity Schemes to Debt Schemes Only).


• Fund Managers – Mr. Nemish Sheth


• Benchmark – Nifty200 Momentum 30 TRI