INSUBCONTINENT EXCLUSIVE:
Management Company (AMC) is aiming to raise Rs 2,000-2,500 crore from its new fund offer, which will use a hedge strategy for protection
The subscription for Capital Enhancer Fund-Series 1 will open on April 23 and close on May 4
"We expect Rs 2,000-2,500 crore in the initial subscription period," IIFL Senior VP Bhavin Jatania said at a roadshow here.The annual
interval plan will invest in equity and equity-related securities with a strategy of hedging the portfolio, he said.The scheme will hedge
its long position by buying a Nifty-50 'put option', the option premium paid not exceeding eight per cent of net assets."Though the limit is
eight per cent, but so far, it is found that the hedge cost is four per cent," IIFL CIO Prashasta Seth said.(This story has not been edited
by staff and is auto-generated from a syndicated feed.)
