Mumbai; 28 December 2015
IDFC Mutual Fund launches IDFC Corporate Bond Fund
December 28, 2015, Mumbai: IDFC Mutual Fund launches IDFC Corporate Bond Fund – an Open Ended Income Scheme. It seeks to achieve steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings.
IDFC Corporate Bond Fund is suitable for investors who are seeking to generate long term optimal returns by active management by investing in corporate bonds & money market instruments.
The minimum investment amount during the NFO is Rs 5000 and in multiples of Rs 1 thereafter. The New Fund Offer (NFO) will be open for subscription from 28 December 2015 to 11 January 2016. The Scheme will reopens for ongoing sale and repurchase on January 13, 2016
The fund will be managed by Mr. Anurag Mittal.
The Scheme offers Regular Plan & Direct Plan. Both the Plans under the Scheme offer Dividend Option & Growth Option. Dividend Option under both the Plans further offers Payout, Reinvestment & Sweep facility.
About IDFC AMC::
IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India. In a relatively short span of time, it has developed a robust investment platform to offer consistent value to its investors.
IDFC Asset Management Company Ltd. is a well-established fund house sponsored by IDFC Ltd. The AMC manages a range of funds across debt and equity asset classes and has a distribution reach that covers 39 cities directly and has an indirect presence in over 283 towns across India. With a strong research capability and a performance track record IDFC MF has received a number of awards and recognitions for its schemes performance from different research and rating agencies.
The performance record of IDFC AMC is a direct result of its commitment to a disciplined and time-tested investment approach, proprietary to the AMC.
For more information log on to www.idfcmf.com
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Piyali Reddy: +91 9322657983