IDFC Mutual Fund has filed an offer document for IDFC Fixed Maturity Plan - Half Yearly Series. The new fund offer (NFO) price for the scheme is Rs.10 per unit. The close-ended income scheme comprising of two plans viz. Plan 7 to 8. It offers dividend and growth option. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments. The minimum investment under the retail plan is Rs 5000 and in multiples of Re 1 thereafter. The minimum target amount for each Plan under IDFC FMP Half Yearly scheme is Rs.1 crore.
The scheme will invest its 0-100% in debt and money market instruments. The scheme will invest up to 50% of its net asset value in securitised debt. The scheme will not charge entry load. For both plans, the scheme will charge 1.00% as an exit load if it is repurchased after the date of allotment and on before the expiry of 3 months. If repurchased after the date of allotment and on the first Wednesday of any calendar month, there will be 2.00% exit load. The benchmark index for the scheme would be Crisil Liquid Fund Index. Rajiv Anand will be the scheme's fund manager.
The scheme will invest its 0-100% in debt and money market instruments. The scheme will invest up to 50% of its net asset value in securitised debt. The scheme will not charge entry load. For both plans, the scheme will charge 1.00% as an exit load if it is repurchased after the date of allotment and on before the expiry of 3 months. If repurchased after the date of allotment and on the first Wednesday of any calendar month, there will be 2.00% exit load. The benchmark index for the scheme would be Crisil Liquid Fund Index. Rajiv Anand will be the scheme's fund manager.
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Mutual Fund Investment with zero entry load
Read more here: http://www.pankajbatra.com/2008/09/05/mutual-fund-investment-with-zero-entry-load/
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