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Wednesday, March 25, 2015

IDFC MF Announces Rollover of IDFC Fixed Term Plan – Series 84, 86 & 88

The schemes shall mature on 20 June 2018 

IDFC Mutual Fund has announced rollover of IDFC Fixed Term Plan – Series 84, IDFC Fixed Term Plan – Series 86 and IDFC Fixed Term Plan – Series 88 which is due for maturity on 02 April 2015. 

The features of the proposed rollover are as follows: 

Period of rollover: 1175 days. 

Date of Maturity for rollover: 20 June 2018. 

Asset allocation post rollover: 

The scheme would invest upto 20% of assets in money market instruments (including CBLO) with low to medium risk profile and invest 80%-100% of assets in debt securities with medium to high risk profile. 

Minimum Corpus: Rs 10 crore. 

Benchmark: Crisil Composite Bond Fund Index. 

Fund Manager: Anupam Joshi 
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