| IDFC Mutual Fund | |
| Scheme Name | IDFC US EQUITY FUND OF FUND |
| Objective of Scheme | The Fund seeks to generate long term capital appreciation by investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – FoF Overseas |
| New Fund Launch Date | 29-Jul-2021 |
| New Fund Offer Closure Date | 12-Aug-2021 |
| Indicate Load Separately | Exit Load: 1% of applicable NAV – if the units are redeemed/switched out within 1 year from the date of allotment Nil – if the units are redeemed / switched-out after 1 year from the date of allotment |
| Minimum Subscription Amount | The minimum application amount shall be Rs.5,000/- |
| For Further Details Please Visit Website | www.idfcmf.com |
Source: https://www.amfiindia.com/
Mutual Funds Based on Asset Class
FoF-Overseas: FoF-Overseas Funds are those schemes that invests 95% of the total assets in the overseas funds.
Mutual Funds Based on Structure
Open-ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
