NFO: IDFC US Equity FOF

By Morningstar |  26-07-21 | 
 

IDFC Mutual Fund announced the launch of its first international fund IDFC US Equity Fund of Fund

IDFC Mutual Fund will invest in J.P Morgan US Growth Fund, which was launched in 2000 and has an AUM of $ 1.8 billion as of June 30, 2021. The fund is benchmarked against Russell 1000 Growth Index.

The New Fund Offer will open for subscription on Thursday, July 29, 2021, and will close on August 12, 2021. The minimum investment during the NFO period is Rs 5,000 for lumpsum and Rs 1,000 for SIP.

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