IDFC Mutual Fund has launched the IDFC Credit Opportunities Fund, an open ended income scheme. The NFO opens for subscription on February 14, 2017 and closes on February 27, 2017. Entry load will be nil and Exit load will be 1% if redeemed/switched out within 365 days from the date of allotment applicable for the scheme. The minimum subscription amount is Rs 5,000 and thereafter.
The investment objective of the scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities across the credit spectrum within the investment grade.