IDFC Mutual Fund introduces Fixed Term Plan Series-163 (1288 Days)

IDFC Mutual Fund has launched the IDFC Fixed Term Plan Series-163 (1288 Days), a close ended debt scheme. The NFO opens and closes for subscription on October 10, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and multiples of Rs 10 thereafter.

The scheme’s performance will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Anurag Mittal.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.