IDFC MF introduces FTP Series- 196 (365 Days)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
IDFC Mutual Fund (MF) has launched IDFC Fixed Term Plan (FTP) - Series 196, a close-ended debt scheme with tenure of 365 days with Relatively Low Interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on March 15, 2022 and closes on March 21, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and multiples of Rs 10 thereafter for both the plans-direct and regular.
The performance of the scheme will be benchmarked against Nifty Low Duration Debt Index April and its fund manager Harshal Joshi.
The investment objective of the scheme seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.
