IDFC Mutual Fund has launched the IDFC Fixed Term Plan Series-145 (1119 Days), a close ended income scheme. The NFO opens for subscription on April 10, 2018 and closes on April 10, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and multiples of Rs 10 thereafter.
The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Harshal Joshi.
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 the scheme.