IDFC Mutual Fund filed an offer document to launch IDFC Fixed Maturity Plan - Eighteen Months Series is a close-ended income scheme with two plans - i.e. plan 2 to 3. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments.
The plans under the scheme comprises of two plans viz. Plan A and Plan B. For Plan A, the minimum application amount is Rs. 5000 and in multiples of Re 1 thereafter. Under Plan B, the minimum application amount is Rs 1 crore and in multiples of Re 1 thereafter.
The plans under the scheme comprises of two plans viz. Plan A and Plan B. For Plan A, the minimum application amount is Rs. 5000 and in multiples of Re 1 thereafter. Under Plan B, the minimum application amount is Rs 1 crore and in multiples of Re 1 thereafter.
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