IDFC Mutual Fund has launched the NFO of IDFC Fixed Maturity Plan - 366 Days Series 74, a close ended income scheme.
The NFO opens for subscription on June 22, 2012 and closes on June 25, 2012. 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.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Anupam Joshi.
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. There is no assurance or guarantee that the objectives of the scheme will be realized.
Source: Accord Fintech
