IDFC Mutual Fund launched IDFC Fixed Maturity Plans- Quarterly Series 32. The scheme is close-ended income scheme. The duration of the scheme is from the date of allotment to 3 November 2008 i.e. date of maturity. 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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