IDFC Money Manager Fund Direct Dividend Weekly is a Debt Mutual Fund Scheme launched by IDFC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Anurag Mittal, Harshal Joshi is the Current Fund Manager of IDFC Money Manager Fund Direct Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹2,088 Cr and the Latest NAV as of 17 Sep 2019 is ₹10.10.
The IDFC Money Manager Fund Direct Dividend Weekly is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 100. Nil.
Investment Objective
GFRF is an open-ended income scheme seeking to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹100
Min for First Investment
₹100
Min for Second Investment