IDFC MF introduces Fixed Term Plan Series -97(366 Days)

IDFC Mutual Fund has launched the New Fund Offer (NFO) of IDFC Fixed Term Plan Series -97(366 Days), a close ended income scheme. The NFO opens for subscription on May 27, 2014 and closes on Jun 02, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10,000 and multiples of Rs. 10 thereafter for. The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Rahul Goswami and Rohan Maru. 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.