IDBI Healthcare Fund: New Fund Offer (NFO) of IDBI Mutual Fund named IDBI Healthcare Fund is being issued from 8-February-2019 to 22-February-2019.
According to IDBI Mutual Fund, this plan is suitable for the investors who are seeking:-
- Long-term capital appreciation, and
- Investment predominantly in equity and equity related instruments of companies engaged in Healthcare and Allied Sectors.
About IDBI Healthcare Fund NFO
| Name of the Scheme | IDBI Healthcare Fund |
|---|---|
| Fund House | IDBI Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | Equity: Sectoral |
| Issue Starts | 8-February-2019 |
| Issue Closes | 22-February-2019 |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 5,000 |
| Plans | Regular Plan and Direct Plan – Both Plans offer Growth Option and Dividend Option. |
| Entry Load | No |
| Exit Load | 1% if redeemed within 1 year, otherwise, Nil. |
| Investment Manager | IDBI Asset Management Limited |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives of IDBI Healthcare Fund
According to the fund house, the investment objectives of the scheme is as follows:-
The objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in the Healthcare and Allied sectors. However, there can be no assurance that the investment objective under the Scheme will be realized.
Proposed Asset Allocation of IDBI Healthcare Fund
The proposed asset allocation of the scheme is given as follows:
| Instruments | Indicative Allocation (% of total assets) | Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | ||
| Equity & Equity related instruments of companies engaged in the Healthcare and Allied Sectors | 80 | 100 | High |
| Equity and Equity related instruments of companies engaged in other than Healthcare and Allied Sectors | 0 | 20 | High |
| Debt and Money Market instruments including Mutual Fund Liquid Schemes | 0 | 20 | Low to Medium |
| Units issued by Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) | 0 | 10 | Medium to High |
About IDBI Mutual Fund
IDBI Mutual Fund is sponsored by IDBI Bank Limited and managed by IDBI Asset Management Limited. IDBI Bank is one of India’s largest banks. This bank has 1853 branches across the country.
IDBI MF Trustee Company Limited, incorporated on 25th January 2010 under the Companies Act, 1956, is the Trustee to the IDBI Mutual Fund.
Registered & Corporate Office: IDBI Tower, WTC Complex, Cuffe parade Colaba, Mumbai – 400 005.
Website: https://www.idbimutual.co.in/
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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Tags: #NFO #Mutual Fund #New Mutual Fund #IDBI NFO #New Fund Offer #IDBI Mutual Fund
