Tue Feb 28 10:33:58 IST 2023

IDFC Mutual Fund launches IDFC Fixed Term Plan: Series 199

NFO period: 28th February - 08th March, 2023

Highlights of the NFO:

  • Scheme type - Close-ended debt scheme with tenure 2233 days with Relatively High Interest rate risk and Relatively Low Credit Risk

  • Investment objective - 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. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realized.

  • Product suitability - This product is suitable for investors who are seeking regular fixed income over long term by investing in debt/money market instruments.

  • Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter

  • Plan/ Options available - Regular Plan & Direct Plan having Growth Option and Income Distribution cum capital withdrawal Option.

  • Fund Managers - Mr. Gautam Kaul

  • Benchmark - CRISIL Medium to Long Duration Fund AIII index

  • Maturity - 2233 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)