IDFC MF launches IDFC Fixed Maturity Plan - Quarterly Series - 64

Posted By:
Subscribe to GoodReturns

IDFC MF launches IDFC Fixed Maturity Plan
IDFC Mutual Fund has launched a new fund offer named as IDFC Fixed Maturity Plan - Quarterly Series – 64 on September 9, 2011. It"s an close-ended income scheme with the duration of one quarter that shall mature on 15 December 2011.

Investment objective:
The primary investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The scheme will allocate upto 100% of assets in debt and money market instruments with low to medium risk profile. Investments in securitized debt, derivatives, foreign securities and stock lending would be nil.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Basic Details:
NFO Opens: September 9, 2011
NFO Closes: September 12, 2011
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 10,000 per application and additional Rs 10, thereafter
Exit Load: Nil
Benchmark: Crisil Liquid Fund Index
Fund Manager: Anupam Joshi

Read more about: mutual funds, nfo, fmp, idfc
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?