IDFC Mutual Fund has launched “ IDFC Credit Opportunities Fund ” . The new issue will be open for subscription from 14 Feb. 2017 to 27 Feb. 2017. The face value of the new issue will be Rs. 10 per unit.
The scheme’s objective is to generate returns by predominantly investing in a portfolio of corporate debt securities across credit spectrum within the investment grade.
|IDFC Credit Opportunities Fund|
|NFO Open||14 Feb. 2017|
|NFO Close||27 Feb 2017|
|Exit Load||1% for before 365 days|
|Scheme Type||A Open ended Income Scheme|
|Minimum Application Amt||5000|
|Benchmark||80 % CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index|
|Offer Price||Rs. 10|
|Investment Option||Growth & Dividend Payout|
The Scheme is suitable for investor
- To generate optimal returns over medium term
- To predominantly invest in a portfolio of corporate debt securities across the credit spectrum
Tax on Dividend Income – NIL
Long Term Capital Gain – For resident as well as non resident investors, as per section 112 of the act, long term capital gain on transfer of units, are liable to tax @ rate of 20% (with indexation benefit )
Short Term Capital Gain – For resident as well as non – resident as per current slab (add to your regular income).
Consult your Mutual Fund adviser, agent, broker, Distributor for Investment
Pune Invest – Rajendra – 77 1991 7444
Source : IDFC Credit Opportunities Fund – SID/KIM & Product Note