NEW FUND OFFER
IDFC Mutual Fund files offer document with Sebi to launch IDFC Fixed Maturity Plan Yearly Series 52 to 61, close ended income schemes. The duration of IDFC Fixed Maturity Plan Yearly Series 52 to 61 is one year each. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.
News Source – NAV INDIA.
Most investors associate mutual funds with longterm investing, which is true for most cases. However, various fund schemes also provide lucrative short-term investment options. Some of these include liquid funds, ultra short-term funds and income funds, which invest in call money market and debt instruments, such as government securities, treasury bills, certificates of deposit, commercial papers and corporate debt papers.
News Source – ECONOMIC TIMES.
In what will be a boost to the cash flows of distributors, mutual fund houses are increasingly paying trail commissions on a monthly basis. Distributors have welcomed this move, especially at a time when most mutual fund advisory and sales businesses are starved for cash. “This is one of the good things to have happened in the industry. The monthly trail commissions will help the business as it will boost our cash flows,” said Mr K K Hegde, an independent financial advisor
News Source – BUSINESS LINE.