Wednesday, February 11, 2009

IDFC India GDP Growth Fund (G)

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IDFC India GDP Growth Fund, is an open ended equity scheme. The investment objectives 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 Indias Gross Domestic Product (GDP). The scheme would endeavour 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.

Issue Open: 28-Jan-2009
Issue Close: 26-Feb-2009
Mutual Fund Family: IDFC Asset Management Company Private Limited
Fund Class: Equity Diversified
Fund Type: Open-Ended
Investment plan: Growth
Fund Manager: Ajay Bodke
Entry Load: 2.25%
Exit Load: 1.00%
Minimum Investment: Rs. 5000
Other Info: Entry Load - 2.25% for investment of less than Rs. 5 crore. Exit load of 1% if the units are redeemed within 1 year from date of allotment.
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  1. IDFC has recently launched a New Fund Offer named IDFC India GDP Growth Fund.

    The IDFC India GDP Growth Fund seeks to invest the assets in the sectors representing the three components of India's GDP viz., Agriculture, Services and Industry. The allocation to these levels of GDP will be in the same proportion as their contribution to the overall India's GDP, and will normally be revised on a semi-annual basis, or whenever the GDPgrowth estimates are revised.

    COMMENTS AND RECOMMENDATION :

    The Fund is innovative and aims to capture the Growth in India's GDP. The Fund would act as a Good Diversified Fund as it will be investing in Stocks in Sectors and Industries across market captilisation. The Fund Manager, Mr.Ajay Bodke has had a good expertise in managing Funds and has performed reasonably well. The Fund may a Good Pick for Long Term Investors.

    The Fact that India's economy is relative insulated from the Global meltdown and that India is better positioned better than most countries makes Indian Markets attractive and India should better GDP numbers going forward. This in turn will help the Fund give good returns.
    Best of luck,
    Srikanth shankar Matrubai

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