IDFC Mutual Fund introduces Gilt 2027 Index Fund
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IDFC Mutual Fund (MF) has launched the IDFC Gilt 2027 Index Fund, an open-ended Target Maturity Index fund investing in constituents of CRISIL Gilt 2027 Index. The NFO opens for subscription on March 12, 2021, and closes on March 19, 2021. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re. 1 thereafter.
The performance of the Scheme shall be benchmarked against CRISIL Gilt 2027 Index and its fund manager is Anurag Mittal.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL Gilt 2027 Index before expenses, subject to tracking errors.
