News From Press IDFC Focused Equity Fund to restrict inflows in excess of Rs2 lakh lump sum

IDFC Focused Equity Fund to restrict inflows in excess of Rs2 lakh lump sum

Source: Mint Dec 2, 2017

IDFC Focused Equity Fund (IFEF), an open-ended diversified equity fund, will restrict inflows for amounts exceeding Rs2 lakh per application in lump sum from 4 December. Inflows through systematic investment plans (SIP) will continue with a limit of Rs2 lakh per instalment.

Restricting inflows is not a new strategy for the fund house—its IDFC Premier Equity Fund, a Rs5,500 crore fund, accepts fresh inflows only through SIPs and periodically opens for larger lump sum investments.

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