IDFC Asset Management Company launches Open-Ended Fixed Income Fund
Posted on:15 Feb 2017 09:30:02
Free Current Affairs to Your Email
15 February 2017 Current Affairs: 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 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 from March 6, 2017.
The new fund scheme aims to optimise the higher risk associated with the credit fund category.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.