IDFC Mutual Fund has launched the NFO IDFC Fixed Maturity Plan 366 Days Series 73, a close ended income scheme. 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.
NFO opens for subscription on May 18, 2012 and closes on May 22, 2012. Entry and exit load charge will be nil for the scheme. The duration of the scheme will be 366 days from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10,000 and in multiples of Rs 10 thereafter.
