IDFC Mutual Fund launches IDFC Fixed Term Plan: Series 196
by
NEWS TEAM | on Mar 15, 2022
NFO period: 15th March – 21st March, 2022
Highlights of the NFO:
Scheme type – Close-ended debt scheme with tenure of 365 days with Relatively Low Interest rate risk and Relatively Low Credit Risk
Investment objective – 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. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realized.
Product suitability – This product is suitable for investors who are seeking regular fixed income over short term by investing in debt/money market instruments.
Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter
Plan/ Options available – Regular Plan & Direct Plan having Growth Option and Income Distribution cum capital withdrawal Option.