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  • IDFC Nifty ETF

    IDFC Nifty ETF
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    119.67  (As on 28-08-2018)
    52-week NAV low
    101.26  (As on 23-03-2018)
    Expense
    0.13%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns -0.36 -6.28 -1.38 3.59 14.22 - - - -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Oct 07, 2016
    Last Dividend
    NA
    Minimum Investment
    5000
  • IDFC Nifty ETF is an open-ended exchange traded fund offered by IDFC Mutual Fund. It is a Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme and makes for a great investment option for those who want to generate wealth in the long term.

    Investment Objective of IDFC Nifty ETF

    The investment objective of IDFC Nifty ETF is to offer returns that are commensurate with the overall returns of the underlying Nifty 50 index.

    Key Features of IDFC Nifty ETF

    Here are some of the key features of IDFC Nifty ETF:

    Type of Fund

    Open-ended exchange traded fund

    Plans Available

    N/A

    Options Under Each Plan

    N/A

    Systematic Investment Plan

    Not Available

    Systematic Transfer Plan

    Not Available

    Systematic Withdrawal Plan

    Not Available

    Investment Amount for IDFC Nifty ETF

    Minimum Application Amount

    Large Investors and Authorised Participants can make purchases directly in blocks in ‘Creation unit size’, or in minimum lot of one unit and multiples thereof in case of purchases on the exchange

    Minimum Additional Investment

    N/A

    Minimum Instalment for Systematic Investment Plans

    N/A

    Minimum Instalment for Systematic Withdrawal Plan

    N/A

    Entry Load

    N/A

    Exit Load

    Nil

    Asset Allocation for IDFC Nifty ETF

    Instruments

    Allocations (Percentage of total assets)

    Risk Profile

    Securities of companies constituting Nifty 50 Index

    95% to 100%

    Medium to High

    Money market securities and cash and cash equivalents whose residual maturity period is 91 days or lower, and money market and liquid mutual fund schemes

    0% to 5%

    Low to Medium

    Who can Invest in IDFC Nifty ETF?

    The following entities can make investments in IDFC Nifty ETF:

    • Resident Indian citizens over the age of 18 years
    • Parents or legal guardians in case investments are made on behalf of minors
    • Persons of Indian Origin (POIs) and Non-Resident Indians (NRIs)
    • Charitable, Private, or Religious Trusts through their trustees
    • Investment institutions, financial institutions, and banks (inclusive of regional rural banks and co-operative societies)
    • Companies, Public Sector Undertakings, corporate bodies, Body of Individuals, Association of Persons, and societies that have registered under the Societies Registration Act, 1860
    • Hindu Undivided Families in the HUF’s or Karta’s name
    • Mutual fund schemes
    • Foreign Institutional Investors registered with the Securities and Exchange Board of India
    • International multilateral agencies with the approval of the Indian Government
    • Industrial and scientific research organisations
    • Foreign Portfolio Investors who are registered with the Securities and Exchange Board of India
    • Partnership firms through their partner(s)
    • Gratuity or Pension or Provident Fund if they have the permission to invest
    • Navy, Air Force, Army and other paramilitary units
    • Other schemes of the fund house provided they meet the conditions prescribed in the regulations established by the Securities and Exchange Board of India and/or the sponsor, trustee or Asset Management Company
    • Any other group of investors as permitted to make investments in the scheme based on their respective constitutions

    NAV Disclosure and Benchmark for IDFC Nifty ETF

    The NAV of IDFC Nifty ETF is computed and published at the close of each working day. The Net Asset Value of the scheme shall also be published on the website of IDFC Mutual Fund in addition to being disclosed in two daily newspapers as prescribed under the regulations established by the Securities and Exchange Board of India. The NAV shall also be published on the website of the Association of Mutual Funds in India by 9:00 p.m. every day.

    The following is the formula used to compute the NAV of IDFC Nifty ETF:

    (Fair Value or Market Value of the Scheme’s investment + Current Assets - Current Liabilities and Provisions) / Number of units outstanding under the scheme

    Benchmark Index of IDFC Nifty ETF:

    The benchmark adopted by IDFC Nifty ETF is the Nifty 50 Index.

    IDFC Nifty ETF Fund Manager

    IDFC Nifty ETF has been managed by Mr. Yogik Pitti, who is the Associate Vice President – Fund Management. He has over 10 years of experience in the mutual fund industry and has been with IDFC since February 2007. Mr. Pitti also manages a few other schemes for IDFC Mutual Fund, such as IDFC Arbitrage Fund, IDFC Sensex ETF, and IDFC Arbitrage Plus Fund.

    Investment Restrictions of IDFC Nifty ETF

    The following are some of the major investment restrictions of IDFC Nifty ETF:

    • Investments under this scheme cannot be made in any fund of funds schemes.
    • No loans can be advanced by the mutual fund for any reason.
    • More than 5% of the scheme’s net assets cannot be invested in unlisted equity shares or equity-related securities.
    • All the schemes of the fund, combined, cannot own over 10% of the paid-up capital carrying voting rights of any company.
    • The scheme is not allowed to make investments in unlisted securities of group or associate companies.
    • The scheme is not allowed to make investments in securities that are issued by way of private placement by the sponsor’s group or associate companies.
    • The scheme is not allowed to make investments in the sponsor’s group companies which is more than 25% of the net assets.

    Dividend Policy of IDFC Nifty ETF

    The Trustees of the fund have the right to declare dividends from time to time, depending upon the availability of distributable surplus and in accordance with the regulations established by the Securities and Exchange Board of India.

    Why you should invest in IDFC Nifty ETF

    IDFC Nifty ETF can be a profitable investment option if you want something that can help you create wealth in the long term through investment in securities constituting the Nifty 50 Index.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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