IDFC

Press Releases

Mumbai; 28 December 2015

IDFC Mutual Fund launches IDFC Corporate Bond Fund

Download PDF

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

For media queries, contact:
Piyali Reddy: +91 9322657983
piyali.reddy@idfc.com


 
 

JAIRAM RAMESH
Minister of Rural Development

"I think over a period of time this India Rural Development Report should be the same importance in policy and scholarly debate as the World Bank’s World Developmental Report or the UNDP’s Human Development Report or the Center for Science and Environment’s State of India’s Environment Report."
"What are the forces of change.what is happening in rural society. this is very, very important for us to understand and that objective has been admirably fulfilled in this report.Ritu and her colleagues have put together all the evidence which shows in a very robust manner, the changing nature of rural [livelihoods].everyone must read the Rural Dynamics chapter"

 

Dr. MIHIR SHAH,
Member, Planning Commission

"I must congratulate IDFC Foundation for bringing out the first rate Report. . is a landmark contribution to scholarship in rural India .. really an outstanding Report..."

 

RAJIV LALL
Executive Chairman,
IDFC Ltd.

"It has been really a labour of love and tremendous effort and has been really a unique enterprise both in process and scope"