{"id":4372,"date":"2013-04-10T09:51:16","date_gmt":"2013-04-10T04:21:16","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=4372"},"modified":"2013-04-10T09:53:23","modified_gmt":"2013-04-10T04:23:23","slug":"should-you-invest-in-idfc-equity-opportunity-series-1-nfo","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/should-you-invest-in-idfc-equity-opportunity-series-1-nfo\/","title":{"rendered":"Should you Invest in IDFC Equity Opportunity Series 1 NFO?"},"content":{"rendered":"
IDFC Mutual Fund has come with a New Fund Offer (NFO) – IDFC Equity Opportunity Series 1.<\/strong> This is a closed ended fund which would mature in 3 Years (on April 14, 2016).<\/p>\n
IDFC Equity Opportunity Series 1 – Features:<\/h3>\n
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A 3 year close-ended equity fund. The fund would be redeemed on April 14, 2016<\/li>\n
One time investment (No SIP\/ STPs)<\/li>\n
Minimum amount of Rs 5,000 with a dividend pay-out option<\/strong><\/li>\n
NFO is open for just 2 days \u2013 9th and 10th April, 2013<\/strong><\/span><\/li>\n<\/ul>\n
IDFC Equity Opportunity Series 1 Theme:<\/h3>\n
The IDFC Equity Opportunity Series 1 aims to generate capital gains by investing in small companies, which are beyond the top 200-250 companies listed by market capitalization.<\/p>\n
IDFC Mutual Fund is of the opinion that the market has bottomed out (as it was in 2003) and hence it\u2019s a good opportunity to invest in small and mid cap companies, which would bounce back faster as the overall market sentiment improves.<\/p>\n
Fund Manager:<\/h3>\n
The fund would be managed by Kenneth Andrade who is head of Investments at IDFC Mutual Funds. He also manages IDFC Premier Equity Fund, which is one of the best performers in mid-cap space. But there are some other funds too like IDFC Infrastructure Fund, IDFC Equity which is managed by him and are average performers.<\/p>\n
Risk and Returns:<\/h3>\n
The IDFC Equity Opportunity Series 1 is a high risk, high return theme.<\/strong> If the timing gets right as the fund manager thinks, you would be laughing all the way to the bank after three years. But as happens with most small cap funds, there is also possibility of making big losses. Remember that since it is an equity fund, there is no concept of a fixed return even after a lock-in of three years.<\/p>\n