IDFC First Bank, which settled the Friday s trade with just 0.11 percent gains at Rs 93.44 on the BSE, clocked uptrend in last 18 out of 20 weeks and registered 73 percent gains in the same period.
The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities of technology & technology related companies.
The Scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, , hdfc mutual fund, New Fund Offers, hdfc asset management
The scheme will invest 95-100% in tri-party repos in government securities or treasury bills (TREPS) and 0-5% in units of overnight/ liquid schemes, money market instruments (with maturity not exceeding 91 days), cash & cash equivalents.
The NFO is currently open and closes on August 8. The minimum investment amount is ₹50,000 and in multiples of ₹1,000 thereafter. This NFO is the fourth edition of the cancer cure series.