IDFC Mutual Fund has announced the NFO - IDFC Fixed Maturity Plan 366 Days Series 77, 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.
The NFO opens and closes for subscription on May 28, 2012. No entry and exit load charge is applicable 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 10000 and in multiple of Rs 10 thereafter. The fund manager of the scheme will be Anupam Joshi.
Source – Accord Fintech
