IDFC Fixed Maturity Plan – Yearly Series 32 : NFO

by khalid on 03/08/2010 · 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 Yearly Series 32. This is a close ended income scheme for 1 year and shall mature on 19th August 2011. The objective of the scheme is to to generate income by investing in a portfolio of debt as well as money market instruments that matures on or before the scheme’s maturity. However, there can be no assurance that the investment objective 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 Yearly Series 32
Scheme CategoryClose Ended (Income)
NFO Launch Date10th Aug 2010
NFO Closure Date12th Aug 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 10000

For Further Details Please Visit Website:-

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