IDFC Mutual Fund launches IDFC Gilt 2028 Index Fund

NFO period: 12^th March – 19^th March, 2021

Highlights of the NFO:

• Scheme type – An open-ended Target Maturity Index fund investing in constituents of CRISIL Gilt 2028 Index


• Investment objective – The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL Gilt 2028 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking income over the target maturity period by investing in constituents similar to the composition of CRISIL Gilt 2028 Index.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan & Direct Plan having Dividend Option & Growth Option.


• Fund Managers – Mr. Anurag Mittal


• Benchmark – NIFTY 50 TRI