IDFC Mutual Fund (MF) has launched the IDFC Fixed Term Plan Series-178 (1154 Days), a close ended income scheme. The NFO opens for subscription on March 18, 2019 and closes on March 25, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and multiples of Rs 10 thereafter.
The investment objective of the Scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.