1 min read.Updated: 09 Feb 2021, 12:47 PM IST Written By Sangeeta Ojha
IDFC Floating Rate Fund is an open-ended debt scheme predominantly investing in floating rate instruments
The New Fund Offer (NFO) will open on 10 February and close on 16 February
IDFC Mutual Fund has announced the launch of IDFC Floating Rate Fund. IDFC Floating Rate Fund is an open-ended debt scheme predominantly investing in floating rate instruments (including fixed-rate instruments converted to floating rate exposures using swaps/derivatives). The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed-rate instruments swapped for floating returns and other debt and money market instruments.