IDFC Asset Management Company has launched an open-ended fixed income fund and hopes to mop-up revenue in the range of Rs 300 crore-500 crore from the scheme in the NFO period itself.
The Credit Opportunities Fund opens for subscription on February 14 and closes on February 27. It will reopen for continuous sale and repurchase from March 6.
"The company hopes to mop-up Rs 300-500 crore during the NFO period of the Credit Opportunities Fund," IDFC AMC Chief Executive Vishal Kapoor told reporters.
