IDFC mutual fund has launched a Multicap Fund NFO that is open for subscription from 12th November, 2021 to 26th November 2021. It’s an open-ended fund that invests in large cap, mid-cap, and smallcap stocks. SEBI has changed the guidelines earlier where it indicated that multicap funds should invest minimum 25% each in largecap, midcap and smallcap stocks.
Since this is an open-ended mutual fund scheme, it would again open within 5 working days from initial NFO closure date.
Here are the NFO issue details.
| NFO Dates | 12-11-2021 to 26-11-2021 |
| Scheme reopens for continuous purchase/sale | Within 5 working days |
| Minimum Lumpsum | Rs 5,000 |
| Exit Load | 1% if redeemed within 1 year |
| Risk | Very High Risk |
| Benchmark | NIFTY 500 Multicap 50:25:25 TRI |
| Fund Manager | Mr. Daylynn Pinto (equity portion) |
| Mr. Harshal Joshi (debt portion) | |
| Mr. Viraj Kulkarni (Overseas portion) | |
| Max TER | 2.25% |
What is the investment objective of IDFC Multicap Fund ?
The fund seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap, small cap stocks.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
This fund will invest on the below parameters:
| Type Of Instruments | Min % | Max % |
| Equities and related instruments of which: | 75% | 100% |
| Largecap Companies | 25% | 50% |
| Midcap companies | 25% | 50% |
| Smallcap companies | 25% | 50% |
| International equity and equity funds | 0% | 25% |
| Debt and Money Market instruments | 0% | 25% |
Multicap funds invest across market cap – largecap, midcap and smallcap stocks. As per new definition, multicap mutual funds would invest minimum of 25% each in largecap, midcap and smallcap stocks. Beyond this they can invest based on the investment objective of the fund.
Happy Investing!
RaVi
Mutual funds are subject to Market Risk. This is not a recommendation to buy or sell. Past performance is not guaranteed. Fund Wallet is a AMFI registered Distributor of Mutual Funds. Image source – IDFC MF.
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