IDFC MF is planning to unleash India GDP Growth Fund and it is an open-ended equity scheme. The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in equity and equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endeavor to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in debt and money market instruments. There are two options available under the scheme viz. growth option and dividend option. The minimum application amount is Rs. 5000 and in multiples of Re 1 thereafter.
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