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IDFC Mutual Fund (MF) has launched IDFC Crisil IBX Gilt April 2032 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Crisil IBX Gilt Index - April 2032 with Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on February 06, 2023 and closes on February 14, 2023. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Crisil IBX Gilt Index - April 2032 and its fund managers are Gautam Kaul and Harshal Joshi.

The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Crisil IBX Gilt Index - April 2032 before expenses, subject to tracking errors.