IDFC
mutual fund has filed a draft offer document with SEBI to launch its close
ended Equity Opportunity Series 2 & 3. The primary investment objective of
the scheme is to generate capital appreciation by investing in a portfolio of
equity and equity related securities. The Fund will invest in either growth
stocks or value stocks or both without any capitalization bias.
The
benchmark of the scheme will be BSE 500 Index. The minimum application amount
will be Rs 5000. No exit loads will be charged in the scheme. The scheme will
be co-managed by Kenneth Andrade, Head Investment, IDFC MF and Meenakshi Dawar,
Senior Manager Fund Management, IDFC MF.
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