IDFC mutual fund has unveiled IDFC Fixed Maturity Plans- Quarterly Series 42 for fresh subscription on 5 September 2008. The NFO period will close on 8 September 2008. The face value of the new fund is Rs 10 per unit. The scheme is close-ended income scheme. The duration of the scheme is from the date of allotment to 10 December 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 entire corpus 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. There will no entry load charged for the scheme due to its close-ended structure
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 entire corpus 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. There will no entry load charged for the scheme due to its close-ended structure
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