New Fund Offer Period For Subscription Value - Nov 04, 2008

IDFC Mutual Fund has launched IDFC Fixed Maturity Plans- Quarterly Series 46 (IDFC-FMP-QS46). It is a close ended income scheme. The new fund offer period (NFO) for subscription will be from 4 November 2008 to 5 November 2008. The face value of the new fund is Rs 10 per unit. The duration of the scheme is from the date of allotment to 4 February 2009.

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 the duration of the scheme.The scheme comprises of two options viz. dividend and growth options.The minimum investment amount under the scheme is Rs 5000 and in multiples of Re 1 thereafter. The minimum targeted amount to be raised is Rs 1 crore during NFO period.

The fund will invest its 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 will not invest in derivatives, foreign securities and stock lending.There will no entry load charged for the scheme due to its close-ended structure.

Repurchase facility will be offered on the 45th day from the date of allotment. Investors may submit their redemption request on any business day. The redemption will be processed on the stipulated repurchase date following their request and desired amounts/units will be redeemed at the applicable NAV on such date after charging applicable exit load.

The scheme charges an exit load of 1.00%, if the investment is repurchased or redeemed upto and including on December 22, 2008 and no charges for the redemption on maturity i.e. on 4 February 2009.Benchmark index of the scheme is Crisil Liquid Fund Index.Rajiv Anand will manage the scheme.