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Friday, July 25, 2014

IDFC MF Announces Rollover of IDFC Fixed Term Plan – Series 24

IDFC Mutual Fund has announced rollover of IDFC Fixed Term Plan – Series 24, a close ended income scheme which is due for maturity on 04 August 2014. 

The features of the proposed rollover are as follows: 

Period of rollover: 729 days. 

Date of Maturity for rollover: 02 August 2016. 

Asset allocation post rollover:
The scheme would invest upto 50% of assets in money market instruments (including CBLO) with low to medium risk profile and invest 50%-100% of assets in debt securities with medium to high risk profile.
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