IDFC mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch new fund named as IDFC Fixed Maturity Plan-Monthly Series. It is close-ended income scheme offering ten plans: IDFC Fixed Maturity Plan-Monthly Series 15 to 24. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing normally in line with duration of the scheme.
Each plan will offer dividend and growth options. The minimum application amount will be Rs 5000 and in multiples of Re.1. The scheme invests 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 assets of the plans
Each plan will offer dividend and growth options. The minimum application amount will be Rs 5000 and in multiples of Re.1. The scheme invests 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 assets of the plans
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