MUTUAL FUNDS
IDFC Mutual Fund files offer document for Floating Rate Fund
Jan-16-2020

IDFC Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ' IDFC Floating Rate Fund '. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crores.

The performance for schemes will be benchmarked against NIFTY Low Duration Debt Index. The minimum application amount for initial purchase is Rs 5000 and any amount thereafter.

The investment objective of the scheme to seek to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments.


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