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IDFC Infrastructure Fund: Change in the benchmark and Type of Scheme


IDFC Mutual Fund has announced the change in the benchmark and type of the scheme of IDFC Infrastructure Fund. The benchmark of the scheme has been changed from BSE 200 Index to CNX Infrastructure Index. Now, the scheme will invest predominantly in infrastructure stocks that form a part of CNX Infrastructure Index and other infrastructure focused companies. It will also invest in debt instruments to meet liquidity requirements.
So, the scheme will become an open ended infrastructure sector scheme.