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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