New fund from IDFC AMC

Hyderabad: IDFC Asset Management Company (AMC) announced the launch of an open-ended equity fund, IDFC Emerging Businesses Fund, majorly investing in small cap stocks. The fund will be managed by Anoop Bhaskar, Head – Equity, IDFC AMC.

The New Fund Offer will be open till February 17, 2020. During this period, units will be offered at Rs 10 each. Anoop Bhaskar, Head – Equity, IDFC AMC, said: "While not all the companies in the Small Cap space would move up the market cap curve, we believe it is important that we are cognizant of the market phase when we enter into this space." The scheme will re-open for ongoing subscription and redemption within five business days from the date of allotment of units at NAV based prices.