IDFC Nifty ETF

About IDFC NIFTY ETF

The IDFC NIFTY ETF is an open-ended exchange-traded equity scheme. It seeks to provide returns (pre-expenses) that closely correspond to the returns of the underlying NIFTY 50 Index (subject to tracking errors).

Pros & Cons of IDFC NIFTY ETF

? The scheme tracks the NIFTY 50 Index and uses the indexing approach or the passive approach to investing. The scheme will not try to beat the market or turn to active investing when the markets are over or undervalued. ? As on September 30, 2018, the scheme is not ranked under CRISIL’s Index Funds/ ETFs category. ? Further, it has generated returns of 3.58% per year over the last year (as on January 04, 2018).

Fund Information and Statistics of IDFC NIFTY ETF

i) Inception / Launch Date

The scheme was launched on 07 October 2016 by IDFC Mutual Fund.

ii) Risk Level

The scheme is suitable for investors seeking long-term wealth creation and invests in securities covered by the NIFTY 50 Index. It carries a moderately-high risk level.

iii) Redemption

The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Yogik Pitti is the Fund Manager of the IDFC NIFTY ETF since its inception.

v) Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in IDFC NIFTY ETF

The following taxes are applicable to income arising from investing in this scheme: ? STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. ? LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About IDFC Mutual Fund

IDFC Mutual Fund has evolved into one of India’s largest fund houses (based on AuM) since its inception in 2000. With a robust network spanning the entire country, the fund house has managed to deliver consistent value to its investors.