New debt fund offer from IDFC

Mutual Funds
IDFC Mutual Fund
Scheme Name IDFC FIXED TERM PLAN SERIES – 180 ( 1147 DAYS)
Objective of Scheme The Scheme seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.
Scheme Type Close Ended
Scheme Category Debt – Income
New Fund Launch Date 12-Apr-2019
New Fund Offer Closure Date 15-Apr-2019
Indicate Load Separately NIL
Minimum Subscription Amount Rs. 5,000/- and multiples of Rs. 10/- thereafter
For Further Details Please Visit Website www.idfcmf.com

Source from: www.amfiindia.com

Types of Mutual Funds based on asset class

Debt Funds: These are funds that invest in debt instruments e.g. Company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs. 10,000 then the investor is liable to pay the tax on it himself.

Types of Mutual Funds based on structure

Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes is often listed for trading on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.

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