IDFC Asset Management Company launched an open-ended fixed income fund named Credit Opportunities Fund 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, 2017 and close on February 27, 2017. 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. So, let’s discuss some questions related to this post:
Q1. Name the Management Company, which has launched the Open-Ended Fixed Income Fund named credit opportunities fund, recently?
Share your answer in the comment section
Source- The Indian Express