IDFC MF raises Rs 455 cr via debt plan

IDFC Mutual Fund has garnered Rs 455 crore through IDFC Fixed Maturity Plan Monthly Series 27, according to an official at the fund house. The new fund offer was open for a day on October 25. The close-ended scheme will deploy its entire corpus in debt and money market instruments having maturity up to one-month. Also, the fund house on Tuesday said it will launch a two-month income scheme, IDFC Fixed Maturity Plan Bi Monthly Series-2, on Wednesday for two days.