IIFL Mutual Fund has launched the NFO of IIFL Dividend Opportunities Index Fund, an open ended growth scheme.
The NFO opens for subscription on June 6, 2012 and closes on June 19, 2012. No entry load is applicable for the scheme, 1% for exit on or before 1 year from allotment date. The minimum subscription amount is Rs.5,000 and in multiples of Rs.100 thereafter.
The Scheme’s performance will be benchmarked against CNX Dividend Opportunities Index and its fund manager is Manish Bandi.
The investment objective of the scheme is to provide returns (before fees and expenses) that closely correspond to the total return of the CNX Dividend Opportunities Index subject to tracking errors.
Source: Accord Fintech
