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IDFC Nifty200 Momentum 30 Index Fund Launched

Chandigarh, (Gurpreet) : IDFC Mutual Fund announced the launch of the IDFC Nifty200 Momentum 30 Index Fund, an open-ended index scheme that will consist of 30 high momentum large and mid-cap stocks replicating the Nifty200 Momentum 30 Index. The New Fund Offer opens on Friday, August 19, 2022, and closes on Friday, August 26, 2022.

Investment can be made through licensed mutual fund distributors, advisors, and online platforms as well as directly on the IDFC MF website link https://idfcmf.com/idfc-nifty200-fund-nfo/. Highlighting why investors may consider including IDFC Nifty200 Momentum 30 Index Fund in their portfolio, Mr. Vishal Kapoor, CEO, IDFC AMC said “Momentum investing has proven to be a highly rewarding factor strategy over the last several years. It has also outperformed the broader indices, for instance, the Nifty200 Momentum 30 Index has

outperformed the Nifty 100, and Nifty 200 indices in 8 out of the last 10 calendar years. It follows a structured, quantitative-led process of buying securities when their price is rising, and importantly, selling them when prices appear to have peaked. Historically, returns per unit of risk for the momentum index have been higher than broader indices.

The diversification offered through this differentiated investment style, through a cost-efficient Index Fund, makes our fund an attractive opportunity for smart, long-term equity investors.”