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

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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

GoodReturns.in

Read more about: mutual funds nfo fmp idfc
Story first published: Friday, September 9, 2011, 14:46 [IST]
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