IDFC Mutual Fund has launched the New Fund Offer (NFO) of IDFC Fixed Term Plan Series -96 (732 Days), a close ended income scheme. The NFO opens for subscription on May 12, 2014 and closes on May 21, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10000 & multiples of Rs.10 thereafter for both.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Anupam Joshi.
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 the scheme.
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