Name of Fund: IDFC Fixed Maturity Plans- Yearly Series 24
Scheme: 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 3 August 2009.
Investment Objective: The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments.
Asset Allocation: 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.
Fund Opens: 22 July 2008
Fund Closes: 24 July 2008Face Value: Rs 10
Investment Options: The scheme provides dividend and growth options.
Entry Load: There will no entry load charged for the scheme due to its close-ended structure.
Exit Load: The scheme charges an exit load of 2.00%, if the investment is repurchased on the first Wednesday of any calendar month. There will be no exit load charged on the redemption made on maturity i.e. on 3 August 2009.
Minimum Investment Amount: For plan A, the minimum investment amount is Rs 5000 and for plan B, the minimum investment amount is Rs. 1,00,000. There will be no maximum limit.
Minimum targeted amount: The fund seeks to collect Rs 1 crore during its NFO period.
Benchmark Index: The performance of the scheme will be benchmarked over Crisil Composite Bond Fund Index.
Fund Manager: Rajiv Anand is the Fund Manager of the scheme.
Scheme: 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 3 August 2009.
Investment Objective: The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments.
Asset Allocation: 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.
Fund Opens: 22 July 2008
Fund Closes: 24 July 2008Face Value: Rs 10
Investment Options: The scheme provides dividend and growth options.
Entry Load: There will no entry load charged for the scheme due to its close-ended structure.
Exit Load: The scheme charges an exit load of 2.00%, if the investment is repurchased on the first Wednesday of any calendar month. There will be no exit load charged on the redemption made on maturity i.e. on 3 August 2009.
Minimum Investment Amount: For plan A, the minimum investment amount is Rs 5000 and for plan B, the minimum investment amount is Rs. 1,00,000. There will be no maximum limit.
Minimum targeted amount: The fund seeks to collect Rs 1 crore during its NFO period.
Benchmark Index: The performance of the scheme will be benchmarked over Crisil Composite Bond Fund Index.
Fund Manager: Rajiv Anand is the Fund Manager of the scheme.
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