IDFC MF launches Fixed Maturity Plan - Yearly Series - 47
Time - 25/01/2012 : 11:56
IDFC Mutual Fund has launched a new fixed term fund named as IDFC Fixed Maturity Plan - Yearly Series - 47, a close ended income scheme.
The NFO for the scheme opens for subscription on January 25, 2012 and will close on January 31, 2012. The scheme offers growth and dividend option.
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 scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10,000 and in multiple of Rs 10 thereafter.
The scheme will be managed by Anupam Joshi.
IDFC Fixed Maturity Plan - Yearly Series - 47 seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.
