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Indian-Commodity  :  Mutual Funds  :  IDFC Mutual Fund files offer document for Fixed Term Plan-Series 140 to 145

IDFC Mutual Fund files offer document for Fixed Term Plan-Series 140 to 145 (24-Nov-2017)

IDFC Mutual Fund has filed offer document with SEBI to launch a close ended income scheme as “IDFC Fixed Term Plan -Series 140 to 145”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers Growth & Dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The scheme's performance for Plans having maturity of  up  to  3  months  (from  the  date  of  allotment  including  date  of  allotment) will be benchmarked against Crisil Liquid Fund Index, for Plans having  maturity  of  more  than  3  months  up  to  36  months  (from  the  date  of allotment  including  date  of  allotment)  will be benchmarked against Crisil  Short-Term  Bond Fund  Index and for Plans having maturity of  more  than  36  months  up  to 120 months  (from  the  date  of  allotment  including  date  of allotment) will be benchmarked against Crisil  Composite  Bond  Fund  Index. The minimum application amount is Rs 5,000 and multiples of Rs 10 thereafter.

The investment objective of the scheme is to  generate income  by  investing  in  a  portfolio  of  debt  and  money  market instruments  maturing  on  or  before  the  maturity  of  each  Series(s) under the scheme.



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