IDFC Asset Management Company Limited has launched a new fund offer for IDFC US Equity Fund of Fund. The new fund offer is open for subscription from July 29, 2021, to August 12, 2021.
INVESTMENT OBJECTIVE OF THE 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.
However, there can be no assurance that the investment objective of the Scheme will be realized.
The Scheme shall follow a passive investment strategy and will invest in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) investing in US Equity securities, except to meet its liquidity requirements. The underlying Mutual Fund (/s) will be selected after requisite due diligence with respect to product performance, risk management practices deployed, experience and track record of fund manager among other parameters. The scheme would also invest in units of Liquid/ debt schemes, debt and money market instruments.
The asset allocation under the scheme will be as follows:
*The scheme intends to invest maximum of USD 400 million in Overseas securities / Overseas ETFs. This limit will be applicable for a period of six months from the date of closure of NFO, subject to overall limit of fund house up to maximum of US$ 1 billion. In case of investment in overseas ETFs, the overall ceiling of fund house will be subject to a maximum of US $ 300 million.
The performance of the scheme will be benchmarked against Russell 1000 Growth Index
The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the US equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.
PORTFOILO PERFORMENCE OF THE UNDERLYING FUND (USD)
WHO MANAGES THE SCHEME?
The overseas investments of the Scheme will be managed by Mr. Viraj Kulkarni. Investment by the Scheme in domestic fixed income securities will be managed by Mr. Harshal Joshi.
OTHER DETAILS OF SCHEME
Minimum Subscription / Redemption amounts
During New Fund Offer: Rs.5,000/- and in multiples of Re. 1/- thereafter
During Ongoing Offer:
Subscription: Fresh Purchase (including switch-in) - Rs.5,000/- and in multiples of Re. 1/- thereafter
Additional Purchase (including switch-in) - Rs.1,000/- and any amount thereafter Redemption: Rs.1,000/- or the account balance of the investor, whichever is less. Redemption TAT: T+5 business days^
SIP: Rs.1,000/- and in multiples of Rs.1 thereafter
STP (being Target Scheme): Rs.1,000/- and any amount thereafter (for Fixed amount option) / Rs.500/- and any amount thereafter (for capital appreciation option)
SWP: Rs. 200 and any amount thereafter
TAXATION ON THE SCHEME REDEMPTION
RISK OF WHICH YOU SHOULD BE AWARE
Currency Risk: Even though historically the US dollar has been strong against the INR, any depreciation in the USD can reduce the value of your investment in rupee terms.
Global Risk: When making international investments there is always the risk of exposing yourself to global events and policy risk.
Suitability : This product is suitable for investors who are seeking*:
Long Term Capital Appreciation
Diversification of returns through investing in a fund mainly investing in units/shares of overseas Mutual Fund Scheme (/s) / Exchange Traded Fund (/s) which invests in US Equity securities
If you have any query or wants any assistance please Call 9837346090 or fill your details by clicking below we will call you
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them
Note: The above information has been sourced from the Scheme Information Document provided by IDFC Asset Management. Read the entire document before investing,
Disclaimer: Jaiprakash (ARN/Distributor - 70524; brand name Vasundhra Investment ) is the
distributor of the mutual fund. Please consult your investment advisor before investing
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.