IDFC Mutual Fund launches IDFC Emerging Businesses Fund

IDFC Asset Management Company (AMC) has announced the launch of IDFC Emerging Businesses Fund, which is an open-ended equity fund. The new fund is focused on the Growth opportunities in the Small Cap space while applying quality filters. Further, the fund is mandated to infuse at least 65% in Small Cap segment.

The fund will be managed by Mr. Anoop Bhaskar, Head – Equity, IDFC AMC. Anoop Bhaskar, Head – Equity, IDFC AMC, said that, “While not all the companies in the Small Cap space would move up the market cap curve, we believe it is important that we are cognizant of the market phase (pricing/valuation) when we enter into this space. The three main reasons to consider investing in Small Caps now are based on these factors – Price, Valuation and Volumes.”