Name of Fund: IDFC Nifty Fund
Scheme: An open ended index linked equity scheme.
Investment Objective: The investment objective of the scheme is to replicate the S&P CNX Nifty index by investing in securities of the CNX Nifty Index in the same proportion/ weightage.
Investment Options: There will be three plans viz. Retail Plan A, Retail Plan B and Pension Plan.
Retail Plan A & Retail Plan B: A plan, which will receive subscriptions from all categories of investors other than subscriptions received from NPA trusts registered under PFRDA guidelines.
Pension Plan: A Plan, which will receive subscriptions only from NPS Trusts registered under PFRDA guidelines. In case the investor does not select any particular plan, Retail Plan A shall be the default plan.
There are dividend and growth option under the plans. Growth plan is suitable for investors who are not looking for dividend. Dividend option is suitable for investors seeking income through dividend declared by the scheme Reinvestment facility is also available Under this option, the Fund will endeavor to declare dividends from time to time. The dividend shall be dependent on the availability of distributable surplus.
Asset Allocation: The fund will invest upto 80%-100% in Securities covered by the Nifty and 0-20% in Debt & Money Market instruments (Investments in Derivatives – upto 100%. Investments in Securities Lending – upto 35% of the net assets of the scheme. Investments in Foreign instruments/securities – up to 35% of the net assets of the scheme).
The net assets of the scheme/Plan will be invested predominantly in stocks constituting the S&P CNX Nifty and / or in exchange traded derivatives on the S&P CNX Nifty. This would be done by investing in almost all the stocks comprising the S&P CNX Nifty Index in approximately the same weightage that they represent in the S&P CNX Nifty Index and / or investing in derivatives including futures contracts and options contracts on the S&P CNX Nifty Index. A small portion of the net assets will be invested in money market instruments permitted by SEBI / RBI including call money market or in alternative investment for the call money market as may be provided by the RBI, to meet the liquidity requirements of the scheme/plan.
NFO price: Rs 10 per unit
Load structure:
For Retail Plan A:
Entry load during the NFO period and on going offer period (for purchases/ switch ins):
Investment of less than Rs 5 crore (including by way of SIP/STP): 2.25%
Investment of Rs 5 crore (including by way of SIP/STP):Nil
Investment by an FOF (irrespective of the amount of purchase): Nil
As a result of Dividend Re-investment: Nil
No entry load shall be chargeable in case of switches from other equity schemes of the Mutual Fund (other than from IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund)
Exit load for redemption/ switch outs:
Within 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): 1%
After 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): Nil
By a FOF (irrespective of the amount of Redemption): Nil
Retail Plan B:
Entry Load: Nil
Exit load for redemption/ switch outs:
Within 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): 1%
After 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): Nil
By a FOF (irrespective of the amount of Redemption): Nil
No Entry / Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme.
Pension Plan:
Entry Load: Nil
Exit Load: Nil
Minimum Investment Amount: The minimum application amount is Rs. 500 and in multiple of Re. 1 thereafter in all the Plans under the scheme(s).
Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs.1 crore.
Benchmark Index: The scheme's performance will be benchmarked against S&P CNX Nifty.
Fund Managers: Punam Sharma is the fund manager for the scheme.
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