IDFC mutual fund has extended the new fund-offering (NFO) period of IDFC Fixed Maturity Plan- Fifteen Months-Series 2 till 26 August 2008 instead of 21 August 2008. The new fund offer was opened for subscription on 7 August 2008. IDFC Fixed Maturity Plan- Fifteen Months-Series 2 is a close-ended income scheme. Date of maturity will be 23 November 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 scheme provides investment options of dividend and growth under Plan A and Plan B. The minimum investment amount under Plan A is Rs 5000 and in multiples of Re 1 thereafter. Plan B will have investment amount of Rs 1 lakh and in multiples of Re 1 thereafter. The scheme 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.
The scheme provides investment options of dividend and growth under Plan A and Plan B. The minimum investment amount under Plan A is Rs 5000 and in multiples of Re 1 thereafter. Plan B will have investment amount of Rs 1 lakh and in multiples of Re 1 thereafter. The scheme 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.
No comments:
Post a Comment