IDFC Mutual Fund has launched a new fund named as IDFC Fixed Maturity Plan – Half Yearly Series 9, a close ended income scheme. It offers one plan for the investors i.e. Plan A. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 17 February and closes on 22 February 2010.
The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme.
The tenure of the scheme is six months and it shall mature on 23 August 2010.
The plan under the scheme offers growth and dividend option.
The scheme will allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Investment in securitized debt shall be up to 50% of net assets of the plan.
Entry and exit load charge will be nil. The units are proposed to be listed on the NSE.
The minimum application under the Plan A is Rs 10000 in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.
The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index and will be managed by Mr. Anupam Joshi.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme.
The tenure of the scheme is six months and it shall mature on 23 August 2010.
The plan under the scheme offers growth and dividend option.
The scheme will allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Investment in securitized debt shall be up to 50% of net assets of the plan.
Entry and exit load charge will be nil. The units are proposed to be listed on the NSE.
The minimum application under the Plan A is Rs 10000 in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.
The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index and will be managed by Mr. Anupam Joshi.
Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24
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