IDFC Mutual Fund launched IDFC Fixed Maturity Plans- Quarterly Series 38. The scheme is close-ended income scheme. The duration of the scheme is from the date of allotment to 11 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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