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IDFC Mutual Fund (MF) has launched IDFC Fixed Term Plan (FTP) - Series 197, a close-ended debt scheme with tenure of 1483 days with Relatively High Interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on March 21, 2022 and closes on March 23, 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 CRISIL Medium to Long Term Debt Index and its fund manager Gautam Kaul.

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.