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Friday, February 20, 2009

IDFC MF files offer document with Sebi

Plans to launch FMPs with Thirteen Months maturity

Name of Fund: IDFC Fixed Maturity Plan – Thirteen Months Series

Plans: There are 4 Plans in the Scheme namely IDFC Fixed Maturity Plan – Thirteen Months Series 1 (IDFC-FMP-TMS1), IDFC Fixed Maturity Plan – Thirteen Months Series 2 (IDFC FMP-TMS2), IDFC Fixed Maturity Plan – Thirteen Months Series 3 (IDFC-FMP-TMS3) and IDFC Fixed Maturity Plan – Thirteen Months Series 4 (IDFC-FMPTMS4)

Scheme: These are close-ended income schemes.

Investment Objective: The investment objective of these schemes is to seek to generate income by investing in a profile of debt and money market instruments.

Investment Options: Presently there are two sub plans i.e. Plan A and Plan B with growth and dividend option.

Asset Allocation: The plans will invest entire corpus in debt and money market instruments with low to medium risk profile. It may invest upto 50% of net assets of the plan in securitised debt.

Load Structure: These schemes will not charge any entry load nor exit load. No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.

Minimum Investment Amount: The minimum application amount under Plan A is Rs 5000 and multiples of Re 1 thereafter. Under Plan B, the minimum investment amount will be Rs 50 lakh and in multiples of Re 1 thereafter.

Minimum Target amount: The fund seeks to collect a minimum subscription amount of Rs 1 crore under each series during NFO.

New Fund offer Price: Rs 10 per unit.

Benchmark Index: Crisil Composite Bond Fund Index

Fund Managers: Anupam Joshi will manage the funds.

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