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IIFL Mutual Fund launches IIFL India Growth Fund

| October 09 2014 08 : 30 IST | Moneycontrol
IIFL Mutual Fund has launched a new fund as IIFL India Growth Fund, an open ended equity fund. The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and equity related securities.
 
The new fund offer (NFO) will be open for subscription from October 08 and will close on October 21, 2014. The new fund offer price for the scheme is Rs 10 per unit.
 
The scheme offers regular plan and direct plan with growth and dividend (payout & reinvestment) options under both plans.
 
The minimum application amount is Rs 5000 and in multiples of Rs 100 thereafter.
 
The entry and exit load charge will be Nil.
 
The scheme shall invest 75-100% in equity or equity related instruments with high risk profile and up to 25% in debt and money market instruments with low to medium risk profile.
 
The benchmark Index for the scheme is CNX Nifty Index.
 
The fund manager of the scheme will be Manish Bandi.
 
Source: http://www.moneycontrol.com/news/mf-news/iifl-mutual-fund-launches-iifl-india-growth-fund_1198819.html

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