IIFL Mutual Fund is launching a new fund offer named ‘IIFL Flexicap Fund’, An open -ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The Scheme seeks to collect a minimum target amount of Rs. 10 Crore during the NFO period. The NFO will be open for subscription from May 8th, 2023 and will end on May 22nd, 2023.
The Schemes will reopen for continuous sale and repurchase from June 1st, 2023. Subscriptions can be made starting at Rs. 1,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available where each plan offers Growth as well as Payout of Income Distribution cum Capital withdrawal Option (IDCW).
About IIFL Mutual Fund
The IIFL Asset Management Company operates under IIFL Holdings Limited’s complete control. IIFL Wealth Management Limited is the sponsor. In terms of total assets under management, it is now the seventh largest AMC in India. The company was founded in 1995, after liberalization, to take advantage of the developing financial services industry in India.
In addition to its headquarters in Mumbai, the AMC today maintains offices in every Indian state and in several other countries, including Singapore, Canada, the United States, the United Kingdom, and the United Arab Emirates. Approximately Rs. 4264.32 crores were under IIFL Mutual Fund’s management as of March 2018.
The AMC’s genuinely diversified portfolio of funds is managed both offshore and onshore, providing investors with the best of both worlds. Mutual funds, Venture Capital funds, and alternative investment funds that invest in public and private equities, real estate, and fixed income assets are included.
IIFL Flexicap Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | IIFL Mutual Fund |
| Name of the Fund | IIFL Flexicap Fund |
| Type of Scheme | Open ended |
| Category of Scheme | Equity – Diversified |
| NFO Starts | 08-May-2023 |
| NFO Ends | 22-May-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 1000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 1.00% |
| Investment Manager | 360 ONE Asset Management Limited |
| Fund Manager | Mr. Mayur Patel |
IIFL Flexicap Fund NFO – Scheme Objective
Long-term capital appreciation is the goal of the scheme’s investments, which will be pursued through a broad allocation to equities and equity-related assets across market capitalization ranges and a smaller allocation to debt and money market instruments.
IIFL Flexicap Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Capital appreciation over the long term.
- Investment predominantly in equity and equity related instruments.
- Across market capitalization.
How Will the Scheme Allocate Its Asset
- 65-100% in Equity or Equity Related Instruments Across market capitalization.
- 0-35% in Debt Securities and Money Market Instruments.
- 0-10% in Listed Preference Shares.
- 0-10% in Units issued by REITs and Invits.
Where Will the Scheme Invest?
- The scheme shall invest into equities and equities related instruments as per limit specified in the asset allocations subject to permissible limits laid under SEBI (MF)regulations.
- The Scheme may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity requirements. The scheme may also invest in liquid schemes of IIFL Mutual Fund or other schemes which have an objective to invest in debt and money market instruments.
- Derivative positions for other than hedging purposes shall not exceed 50% of total assets (45% exposure towards equity and 5% towards debt).
- The Investment Manager endeavors to invest in REITS/InvITs, where adequate due diligence and research has been performed by the Investment Manager.
- The scheme shall invest into listed preference shares as per limit specified in the asset allocation table subject to permissible limits laid under SEBI (MF) regulations.
IIFL Flexicap Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just 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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