Important dates for the two FMPs are:
IDFC Fixed Maturity Plan - Half Yearly Series 17: The NFO opens on February 21, 2012 and closes on August 20, 2012.
IDFC Fixed Maturity Plan - Quarterly Series 69: The NFO opens on February 23, 2012 and closes on May 25, 2012.
IDFC Fixed Maturity Plan - Yearly Series 50: The NFO opens February 22, 2012 and closes on February 25, 2013.
The investment objective of the schemes is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the schemes.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under each scheme during the NFO period.
Allocation of funds:
The schemes 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.
Benchmark Index for IDFC Fixed Maturity Plan - Half Yearly Series 17 and IDFC Fixed Maturity Plan - Yearly Series 50 is Crisil Short Term Bond Fund Index, while it is Crisil Liquid Fund Index for IDFC Fixed Maturity Plan - Quarterly Series 69.
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 10000 and in multiples of Rs 10.
Exit Load: Nil
Fund Manager: Mr. Anupam Joshi.