Friday, September 26, 2008

Market Instruments Maturing Normally - Sep 26, 2008

IDFC Mutual Fund filed offer document with Sebi to launch IDFC Fixed Maturity Plan - Fifteen Months Series (Plan 3-4), IDFC Fixed Maturity Plan - Sixteen Months Series (Plan 1-2), IDFC Fixed Maturity Plan - Seventeen Months Series (Plan 1-2). The face value of the units will be Rs 10. The investment objective of these schemes is to seek to generate income by investing in a profile of debt and money market instruments maturing normally in line with the duration of the scheme. Presently there are two plans i.e. Plan A and Plan B with growth and dividend option.

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