IDFC Mutual Fund introduces Fixed Maturity Plan Yearly Series 32

IDFC MF (Mutual Fund) has opened the NFO (New Fund Offer ) IDFC Fixed Maturity Plan Yearly Series 32, a close-ended revenue plan.

The New Fund Offer starts for subscription on August 10, 2010 and ends on August 12, 2010. Not any entry and exit load is applicable.

This scheme will be benchmarked against CRISIL Composite Bond Fund Index.

The lowest application amount will be Rs 10,000 and in multiples of Rs 10 thereafter.

An investment goal of the plan may be to make revenue by investing in a portfolio of debt and money market tools maturing on or prior to the maturity of the scheme.

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