IDFC Mutual Fund announces change in features of IDFC Bond Fund – Long Term Plan
Jun 07 2018
News Category: AMC Specific Updates
IDFC Mutual Fund has announced changes in the features of Long Term Plan of IDFC Bond Fund effective from Jul 12. Accordingly, the name of the fund is changed to IDFC Bond Fund – Income Plan. Among the other changes announced, the fund is categorised as an open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years. As per the revised scheme objective, the scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium to long term such that the Macaulay duration of the portfolio is between 4 years and 7 years.