IDFC AMC has launched a new credit opportunities fund. The New Fund Offer (NFO) of the open-ended income fund will be open for subscription till February 27. The fund will reopen for continuous sale and repurchase from March 6.
When asked about the reason for coming up with a credit opportunities fund at this point when the Reserve Bank of India (RBI) has put a question mark on future rate cuts, Arvind Subramanian, the fund manager of IDFC Credit Opportunities Fund, said: "IDFC Credit Opportunities Fund is focused on the mid-yield segment to build the core of the portfolio.
