IDFC Mutual Fund has announced that with effect from 31 December 2010, the maximum subscription amount in IDFC Ultra Short Term Fund is changed to Rs 10,000.
IDFC Ultra Short Term Fund offers an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. The aim of the investment manager of this fund is to allocate the assets of the scheme between various money market and fixed income securities with the objective of providing liquidity and achieving optimal returns with the surplus funds.
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