 "IDFC AMC launches Balanced Fund")
IDFC AMC on Monday launched Balanced Fund, which restricts equity exposure to 60% while allocating the balance to fixed income instruments.
The new fund offer will open on December 12 and close on December 26 and will reopen for continuous sale and repurchase from January 2.
The company, with assets under management of around Rs 58,500 crore (as on November 30), also has plans to launch a couple of more products by the fiscal-end, a top company official said.
The products to be launched by the fund house may be from any category other than the balanced fund one.
"We at IDFC AMC are looking at a couple of products to launch by the fiscal-end and the proposed products may be from any category other than balanced fund one," IDFC AMC chief executive Vishal Kapoor said while announcing the launch of the Balanced Fund here.
