Name of Fund: IDFC Fixed Maturity Plan Quarterly Series (IDFC -FMP QS 49-54)Plans under the scheme: There are 6 Plans in the Scheme namely IDFC Fixed Maturity Plan Quarterly Series 49 (IDFC FMP QS49), IDFC Fixed Maturity Plan Quarterly Series 50 (IDFC FMP QS 50),IDFC Fixed Maturity Plan Quarterly Series 51 (IDFC FMPQS51),IDFC Fixed Maturity Plan Quarterly Series 52 (IDFC FMP-QS52), IDFC Fixed Maturity Plan Quarterly Series 53 (IDFC FMP - QS53), IDFC Fixed Maturity Plan Quarterly Series 54 (IDFC FMP-QS54)
Scheme: A close-ended income scheme with 6 plans each with a duration of 3 months.
Objective: The objective of the scheme is to generate income by investing in portfolio of debt and money market instruments maturing normally in line with the duration of the scheme.
Investment Options: Each of the above schemes will offer growth and dividend option. The dividend option offers only dividend payout facility.
Asset Allocation: The fund will invest its entire corpus in debt and money market instruments. Debt securities include Securitised debts upto 50% of the net assets. The scheme will not invest in derivative, foreign securities and stock lending
NFO price: Rs 10 per unit
Entry Load: The scheme will not charge any entry load
Exit Load: The scheme will charge upto 1.00% as an exit load if redeemed before maturity of the scheme. And no exit charges will be levied for redemptions on maturity.
Minimum Investment Amount: The minimum subscription amount is Rs 1 lakh and 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 Liquid Fund Index
Fund Managers: Mr Rajiv Anand will manage the fund.
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