IDFC Mutual Fund has launched a new close ended income scheme, IDFC Capital Protection Oriented Fund – Series II. The new fund offer will be available from 01st June, 2010 to 30th June, 2010. The minimum investment amount of the scheme is Rs 5,000. The investment objective of the scheme is to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. The scheme will invest up to 16 per cent of assets in equities and equity related securities with high risk profile. It would further allocate 84 per cent to 100 per cent of assets in debt securities and money market instruments (of which up to 30 per cent would be in securitized instruments) with low to medium risk profile. Equity derivatives (futures and options) may be used in place of cash equities with the condition that the total notional exposure together with the investments in equities will not exceed the allocation of the corpus towards equity investments at any point of time. The scheme will not charge any entry or exit load. The scheme will be managed by Mr. Ashwin Patni and will be benchmark against CRISIL MIP Blended Index.
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