IDFC Files Offer Document For IDFC Fixed Maturity Plan (26-Feb-2010)
IDFC Mutual Fund has launched a new fund named as IDFC Fixed Maturity Plan - Quarterly Series 58 - 60, a close ended Quarterly Series with duration of Three Months.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized.
The scheme offers dividend and growth options.
The scheme would allocate 0- 100% of assets in Debt and Money market instruments and securitized debt (Up to 50% of Net Assets of the Plan) with low to medium risk profile.
Entry load and exit load are not applicable for the scheme.
The minimum application amount is Rs 10000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 100,00,000.
The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index.
Anupam Joshi will be the fund manager of the scheme.
Top News Today
 Auto major, Mahindra & Mahindra (M&M) is all set to introduce a smaller version of its multi-purpose vehicle Xylo by Diwali this year as it aims to expand its customer base in the country. The company,
 Godrej Properties, Mumbai based real estate developer launched its new residential project Godrej Alpine in Mangalore. It aims to complete 499-apartment Godrej Alpine for occupation in 36 months. Godrej
 Mahindra & Mahindra, auto major has stopped the second phase of booking for its latest sports utility vehicle XUV500. It has received over 25,000 orders in a period of 10 days from January 25 to February
|
International Stock News
 The US markets rose on Monday, sending the Dow industrials to their highest close since 2008, as Greece's government made progress on measures to secure international aid. Also, a Labor Department report
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
 The US markets made a mixed closing on Tuesday, with the indices mostly slipping after US economic data failed to live up to expectation. The reports showed that American consumer confidence trailed estimates
|
|
|