SEBI nod sought for small cap fund : IDBI

IDFC Mutual Fund seeks approval for the Securities and Exchange Board of India’s approval for launching IDFC Small Cap Fund.

The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments of small cap companies and rest up to 35 percent in debt and money market instruments.

The scheme also has the provision to invest up to 10 percent of its assets in Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).