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(As on Jul 11, 2018, 12:20)

IDFC Fixed Term Plan - Series 159 floats on

IDFC Mutual Fund has launched a new Closed Ended Growth scheme named “IDFC Fixed Term Plan - Series 159” with maturity period of 11099 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 18 to Jul 19, 2018.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Anurag Mittal, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.

The Scheme seeks to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

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