IDFC Fixed Maturity Plan – Quarterly Series 59 : NFO

by khalid on 15/08/2010 · 0 comments

IDFC Mutual Fund are handled by IDFC Asset Management Company Private Limited.. The company has launched a New Fund Offer (NFO) named as IDFC Fixed Maturity Plan – Quarterly Series 59. This is a close ended income scheme for quarter of a year and shall mature on 25th November 2011. The objective of the scheme is to to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized.

The scheme would allocate up to 100% of assets in debt and money market. Investment in securitised debt – Upto 50% of Net Assets of the Plan(s) and investments in derivatives, foreign securities and stock lending

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load too is nill.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Anupam Joshi is the Fund Manager of the plan.

Fund NameIDFC Mutual Fund
Scheme Name IDFC Fixed Maturity Plan - Quarterly Series 59
Scheme CategoryClose Ended (Income)
NFO Launch Date20th Aug 2010
NFO Closure Date23rd Aug 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 10000 and multiples of Rs 10

For Further Details Please Visit Website:-

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