IDFC MF has announced the launch of a fund called IDFC Fixed Maturity Plans- Yearly Series 22. The scheme is close-ended income scheme. There are two plans viz. Plan A and Plan B. The duration of the scheme will be from the date of allotment to 24 June 2009. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments. The fund will invest up to 100% in debt and money market instruments, with low to medium risk profile. The investment in securitised debt will be up to 50% of net asset of the scheme.
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