IDFC Mutual Fund (MF) on 2 August 2022 filed an offer document with the Securities and Exchange Board of India (Sebi) for a Emerging Markets Fund of Fund.
The scheme seeks to replicate the MSCI Emerging Markets Index. The scheme will invest in units of index funds and/or ETFs which endeavor to track the MSCI Emerging Markets Index. The indicative list of underlying funds are iShares MSCI Emerging Markets ETF and Avantis Emerging Markets Equity ETF.
According to the scheme information document, the minimum application amount during new fund offer will be Rs 5,000 and in multiples of Re 1 thereafter. The scheme’s riskometer states that the scheme will fall in the ‘very high risk’ category.
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