IDFC Fixed Maturity Plan Quarterly Series 75 Floats on

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IDFC FMP Quarterly Series
IDFC Mutual Fund has launched a new fund named IDFC Fixed Maturity Plan Quarterly Series 75, a close ended income scheme. The scheme with the duration of one quarter shall mature on 10 July 2012.

Investment Objective:
IDFC Fixed Maturity Plan Quarterly Series 75 seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

Allocation of funds:
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.

Basic details:
NFO Opens: April 9, 2012
NFO Closes: April 10, 2012
Benchmark: Crisil Liquid Fund Index.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 10000 and in multiples of Rs 10.
Exit Load: NIL
Manager: Anupam Joshi.

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Read more about: mutual funds, idfc, nfo
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