• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Aug. 28 IDFC Mutual Fund has launched an open-ended scheme IDFC Strategic Sector (50-50) Equity Fund on Thursday. The fund will invest up to 50 per cent of its assets in a chosen sector that is positioned for high returns, while the balance amount may be invested in companies across market capitalisations and across sectors, a news release from the company said. This scheme may also invest in debt and money market instruments. This fund will be benchmarked against the Nifty.

The fund will close for subscription on September 18. “If you analyse the market data over the years, you will note that there has been one sector that has predominantly outperformed the market. The Strategic Sector (50-50) Equity Fund is an innovative product that aims to generate long-term capital appreciation by investing in spotting the leading sectors for each year,” said Mr Kenneth Andrade, Vice-President, Equities, IDFC Mutual Fund.

The scheme will charge an entry load of 2.25 per cent in case of investments of less than Rs 5 crore, while there is no entry load for investments of Rs 5 crore and more.

More Stories on : New Fund Offer | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line