IDFC Asset Management Company launches Open-Ended Fixed Income Fund

IDFC Asset Management (प्रबंध) Company launches Open-Ended Fixed Income Fund

IDFC Asset Management Company launched an open-ended fixed income fund  named Credit Opportunities Fund on February 13 in Mumbai which is expected to raise the revenue(राजस्व) of the company in the range of Rs 300 crore-500 crore within the NFO period itself. A new fund offer (NFO)

is the first time subscription offer for a new scheme launched by the asset management companies (AMCs). A new fund offer is launched in the market to raise capital from the public in order to buy securities like shares, govt. bonds etc. from the market.  The Credit Opportunities Fund will open for subscription on February 14 and close on February 27. It will reopen for continuous sale and repurchase(पुनर्खरीद) from March 6, 2017. The new fund scheme aims to optimise(अनुकूलन)  the higher risk associated with the credit fund category.