IDFC Mutual Fund has filed an offer document for IDFC Quarterly Interval Fund - An Interval Income Scheme with three plans. It is an interval income scheme. The new fund offer (NFO) price for the scheme is Rs. 10 per unit. The interval income scheme comprising of three plans viz. Plan D, E and F. There will retail and institutional plans in each of three plans. It offers dividend and growth option. The investment objective of the scheme is to seek to generate returns from investments in debt and money market instruments. The minimum investment amount under the retail plan will be Rs. 5000 and that of under institutional plan will be Rs. 1 lakh. The minimum target amount for each Plan under IDFC quarterly interval income scheme is Rs.1 crore.
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