IIFL Mutual Fund launched the IIFL Capital Enhancer Fund-Series 1, an interval fund growth scheme. The NFO opens for subscription on April 23, 2018 and closes on May 04, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against CRISIL Balance Fund – Aggressive Index and its fund manager is Prashasta Seth.
The investment objective of the scheme is to achieve long term capital appreciation by investing in equity and equity related securities, with strategy of hedging the portfolio with Nifty 50 Put Option and other Equity derivatives.