IDFC Mutual Fund has launched the New Fund Offer (NFO) of IDFC Fixed Term Plan Series -98(90 Days), a close ended income scheme. The NFO opens for subscription on Jun 03, 2014 and closes on Jun 09, 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.
The scheme’s performance will be benchmarked against Crisil Liquid Fund Index and its fund manager is Harshal Joshi.
The investment objective of the scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).
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