MUTUAL FUNDS
IDFC Mutual Fund files offer document for Fixed Term Plan - Series 186 -195
Jun-12-2019

IDFC Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘IDFC Fixed Term Plan - Series 186 -195'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked by Crisil Liquid Fund Index for scheme having maturity of up to 3  months (from the date of allotment including date of allotment), Crisil Short-Term Bond Fund Index for scheme having maturity of more than 3 months up to 36 months (from the date of allotment including date of allotment), and Crisil Composite Bond Fund Index for scheme having maturity of more than 36 months up to 192 months (from the date of allotment including date of allotment).The minimum application amount for initial purchase is Rs 5,000 and in multiples of  Rs 10 thereafter.

The 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 each Series(s) under the scheme.

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