IDFC Mutual Fund changes fundamental attributes of IDFC Banking Debt Fund
May 09 2017
News Category: AMC Specific Updates
IDFC Mutual Fund has changed the fundamental attributes of IDFC Banking Debt Fund with effect from Jun 12, 2017. Accordingly, the name of the fund has been changed from IDFC Banking Debt Fund to IDFC Banking & PSU Debt Fund. The proposed investment objective of the fund is to generate returns through investments in debt and money market instruments, predominantly issued by entities such as banks, Public Sector Undertakings (PSUs), and Public Financial Institutions (PFIs).