IDFC Interval Fund Series 17 Scheme Details

IDFC Interval Fund Series 17

IDFC Interval Fund Series 17

IDFC Mutual Fund plans to introduce a new fund offer on 19th March 2021. It is a debt-oriented interval fund. The MF house will commence receiving subscriptions from investors on 19th March 2021 and ends on March 24th, 2021. IDFC Interval Fund of units of Rs. 10 each during the NFO. On the other hand, units may available at Nest Asset Value during the specified transition period thereafter.

According to the source, the proposed scheme may list on BSE Limited. Further, the scheme remains suitable for investors who seek regular fixed income over the Medium-term.

Basic Details of NFO:

 NFO Name  IDFC Interval Fund Series 17
 Subscription Period  March 19th, 2021 – March 24th, 2021
 NFO Type  Debt Oriented Interval Fund
 Benchmark  NIFTY AAA Medium Duration Bond Index
 Fund Manager  Mr. Anurag Mittal

Investment Objective:

Yet, the Scheme seeks to generate returns from investments in Debt and Money Market instruments maturing on or before the opening immediately following the Specified Transaction Period.

On the other hand, the tenure of the interval set at 1825 days from the date of allotment of the specified transition period of the scheme. Besides, the NFO offers two plans such as Regular and Direct along with dividend and growth options.

Minimum Investment:

Over, the minimum application amount should be Rs. 5,000 and in multiples of Re. 10 thereafter. However, the amount should be applicable to switches as well. Besides, the additional investment amount should at Rs. 1,000 and in multiples of Re. 10 thereafter. Further, the minimum redemption amount remains at Rs. 500 or account balance of the investors.

However, the IDFC Mutual Fund house targets to collect Rs. 20 crores during the NFO.

Besides, the entry load and exit load not applicable to this scheme.

Asset Allocation Pattern:

 Instruments  Indicative Allocation ( % of total assets)  Risk Profile
 Maximum  Minimum
Debt and Money Market instruments ( inc G-sec, cash and cash equivalents)  100  0  Low to Medium

Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.

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