NFO: IIFL NIFTY ETF

IIFL Mutual Fund has launched a New Fund (NFO) in the name of IIFL NIFTY ETF. The main objective of the scheme is providing returns (before fees and expenses) which will try to closely correspond to the total return of the S&P CNX Nifty Index subject, with possibility to tracking errors. The Scheme will invest in stocks comprising the underlying index and endeavor to track the benchmark index(95%-100%). The Fund may also invest in debt and money market instruments(0% – 5%),in compliance with Regulations to meet liquidity requirements. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

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NFO Details

• NFO Opens: September 28, 2011
• NFO Closes: October 12, 2011
• Scheme Type: Open ended
• Scheme Category: Growth
• Entry Load: Nil
• Exit Load: Listed on stock exchanges, tradeable
• Offer Price: Rs 10/- per unit
• Minimum Subscription: Rs 5000/-
• Download Application Form
• Invest Now

 

IIFL Nifty ETF Presentation

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Tags: IIFL MF, nfo, Nifty ETF, NRI

Category: Blog, Mutual Fund, NFO, NRI