IDFC Mutual Fund has announced that IDFC Enterprise Equity Fund shall be converted from close-ended into open-ended w.e.f. June 10, 2009. Henceforth the NAV of the scheme will be declared on daily basis, as against NAV declared on weekly basis earlier.
Launched in April 2006, the investment objective of the scheme is to generate capital growth from a portfolio of predominantly equity and equity related instruments (Including Equity derivatives). The scheme may also invest in debt and money market instruments to generate reasonable income.
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