IDFC Mutual Fund launches IDFC Ultra Short Term Fund

Mutual Fund
Jul 6, 2018 by Advisorkhoj Team | Mutual Fund | 6 Downloaded

NFO period: 06th July – 19th July, 2018

Highlights of the NFO:

  • Scheme type – An open-ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months

  • Investment objective – The scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.

  • Product suitability – This product is suitable for investors who are seeking to generate returns over short-term by investing horizon with a low risk strategy by investing in debt and money market instruments.

  • Minimum Application Amount – First investment is Rs. 100/- and any amount thereafter

  • Plan/ Options available – Regular Plan & Direct Plan having Dividend Option & Growth Option.

  • Fund Managers – Mr. Harshal Joshi

  • Benchmark – Crisil Liquid Fund Index

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

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