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09-Aug2018

IIFL Mutual Fund files offer document for US Technology Fund

IIFL Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named as 'IIFL US Technology Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against MSCI USA Large Cap Information Technology and Internet Marketing Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to  to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies forming part of Information Technology, Internet and other allied sectors on recognized stock exchanges in the US.



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