IDFC Mutual Fund has filed an offer document with SEBI to launch IDFC FMP 366 days Series 81, 82, 83, 84, 85 and 86, a close ended income scheme.
The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. The minimum application amount is Rs. 10,000.
The scheme will invest in debt and money market. The scheme offers growth and dividend option. The dividend option offers monthly, quarterly and half yearly payout options.
The benchmark will be the CRISIL Short Term Bond Fund Index. The fund manager of the scheme will be Anupam Joshi.
