Name of Fund: IDFC Fixed Maturity Plan Fifteen Months Series (Plan 3-4), IDFC Fixed Maturity Plan Sixteen Months Series (Plan 1-2), IDFC Fixed Maturity Plan Seventeen Months Series (Plan 1-2). The face value of the units will be Rs 10. 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 maturing normally in line with the duration of the scheme.
Investment Options: Presently there are two plans i.e. Plan A and Plan B with growth and dividend option.
Asset Allocation: The FMPs will invest its 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. The scheme will not invest in derivatives, foreign securities and stock lending.
Entry Load: These schemes will not charge any entry load
Exit Load: The fixed plans will charge 2.00% of exit load if repurchased at the end of first calendar quarter/ end of second calendar quarter. If investors redeemed investments at the end of third calendar quarter / end of fourth calendar quarter it will charge 1.50% of exit load. It will not charge any exit load if repurchased at the end of the fifth calendar quarter / end of sixth calendar quarter and on maturity.
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 1 crore 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.
Benchmark Index: Crisil Composite Bond Fund Index
Fund Managers: Rajiv Anand will manage the funds.
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