Friday, June 14, 2024

IDFC Mutual Fund Launches IDFC CRISIL IBX Gilt– April 2032 Index Fund

IDFC Mutual Fund announced the launch of the IDFC CRISIL IBX Gilt– April 2032 Index Fund, open-ended Target Maturity Index Funds that will invest in constituents of CRISIL IBX Gilt Index– April 2032. The NFO opens on Monday, February 06, 2023, and closes on Tuesday, February 14, 2023. Investment can be made through licensed mutual fund distributors and online platforms, as well as directly on .

Highlighting why investors may consider including Target Maturity Gilt Index Funds in their portfolio, Mr. Vishal Kapoor, CEO, IDFC AMC said, “Prudent investors recognize the importance of diversifying their fixed income portfolio through a strategic asset allocation approach that balances quality, stability, liquidity, and the potential for relatively higher returns compared to conventional fixed-term investments. Over the past 1 year with the rise in interest rates, the long-term yields too have moved up thereby providing a compelling opportunity for long-term savers. Target Maturity Index Funds offer investors the chance to benefit from attractive yields, along with a reasonably clear view of returns for those who hold the investment until maturity. The IDFC CRISIL IBX Gilt-April 2032 Index Fund is a solution for long-term investors, providing an easy and cost-effective way to invest in sovereign securities that align with their investment timeline.”

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox