IIFL Mutual Fund announces its new offering of an open-ended Index Fund - IIFL Dividend Opportunities Index Fund with an objective to provide returns to investors by investing in stocks which are constituents of its benchmark index -CNX Dividend Opportunities Index.
The asset allocation will be in stock comprising CNX Dividend Opportunities Index (95 5%-100%) and debt and money market instruments (0-55%).
Mr. Gopinath Natarajan, CEO, IIF FL AMC, said, "We are pleased to offer an attractive investment opportunity to investors in the current volatile equity markets. IIFL Dividend Opportunities Fund is good for those investors, who aim to reap benefits from high dividend yield, cash flow generating companies, which share their profits by way of dividend. The Scheme is not only suited for investors looking at tactical allocation but also to investors looking at potential long terms gains.
There are two options offered under this scheme-Growth and Dividend Option and a special facility of Systematic Investment Plan (SIP).
There is no entry load, while an exit load of one per cent will be charged for exit on before one year from the date of allotment. The units of the scheme are available in the dematerialized d mode also.
Mr. Manish Bandi is the Fund Manager of the Scheme, a Science graduate and a Chartered Accountant with 12 years of experience in the financial service industry.
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