Annual Report â Open Ended Liquid Schemes - IDFC Mutual Fund
Annual Report â Open Ended Liquid Schemes - IDFC Mutual Fund
Annual Report â Open Ended Liquid Schemes - IDFC Mutual Fund
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ANNUAL REPORT 2008<br />
Risk Factors: <strong>Mutual</strong> <strong>Fund</strong>s and securities investments are subject to market risks, reinvestment risk, changes in political, economic environment and<br />
government policy and there is no assurance or guarantee that the objectives of the Scheme/s will be achieved. The NAV of the Scheme/s can go up or<br />
down depending on factors and forces affecting the Securities Market including fluctuation in interest rates, trading volumes and reinvestment risk.<br />
Past performance of the Sponsor/AMC/<strong>Mutual</strong> <strong>Fund</strong> is not necessarily indicative of the future performance of the Scheme/s. <strong>IDFC</strong> Cash <strong>Fund</strong> (<strong>IDFC</strong>-CF),<br />
<strong>IDFC</strong> Floating Rate <strong>Fund</strong> (<strong>IDFC</strong>-FRF)with two plans Short Term (ST) & Long Term (LT), <strong>IDFC</strong> <strong>Liquid</strong>ity Manager (<strong>IDFC</strong>-LM), <strong>IDFC</strong> <strong>Liquid</strong>ity Manager Plus<br />
(<strong>IDFC</strong>-LMP), <strong>IDFC</strong> All Seasons Bond <strong>Fund</strong> (<strong>IDFC</strong>-ASBF) are names of the <strong>Schemes</strong> and do not in any manner indicate either the quality of the <strong>Schemes</strong>,<br />
their future prospects or returns. The Sponsor or any of its associates is not responsible or liable for any loss resulting from the operation of the <strong>Schemes</strong><br />
beyond the corpus of the Trust of Rs. 30,000/- Investors in the scheme are not being offered any guaranteed or assured rate of returns. <strong>IDFC</strong> <strong>Mutual</strong><br />
<strong>Fund</strong> has been set up as a trust by Infrastructure Development and Finance Company Limited (liability restricted to corpus of Trust of Rs. 30,000) with<br />
<strong>IDFC</strong> AMC Trustee Company Private Limited (Company with limited liability) as the trustee and <strong>IDFC</strong> Asset Management Company Private Limited<br />
(Company with limited liability) as the investment manager.<br />
Terms of Issue & Load Structure: <strong>IDFC</strong>-CF, <strong>IDFC</strong>-FRF, <strong>IDFC</strong>-ASBF, <strong>IDFC</strong>-LM, <strong>IDFC</strong>-LMP: During the continuous offer the AMC calculates and publishes<br />
NAVs and offers for sale and redemption of units of the Scheme on all Business days. There is no Entry/Exit load on <strong>IDFC</strong>-CF, <strong>IDFC</strong>-LM, <strong>IDFC</strong>-LMP, <strong>IDFC</strong>-<br />
FRF-ST, <strong>IDFC</strong>-FRF-LT, <strong>IDFC</strong>-ASBF. An Institutional Plan (Plan B) is available for investment by non individuals only under <strong>IDFC</strong>-CF, <strong>IDFC</strong>-FRF-ST & <strong>IDFC</strong>-FRF-<br />
LT with a minimum application amount of Rs 1 crore and above. A Super Institutional Plan (Plan C) is available for investment by non individuals only<br />
under <strong>IDFC</strong>-CF & <strong>IDFC</strong>-FRF-ST with a minimum application amount of Rs 10 crore and above.<br />
Investment Objective: <strong>IDFC</strong>-CF is an open-ended income fund with an objective to generate optimal returns with high liquidity by investing in high<br />
quality money market and debt instruments. <strong>IDFC</strong>-LM & <strong>IDFC</strong>-LMP: To seeking to provide high liquidity by investing in a portfolio of money market<br />
instruments and debt instruments. Whilst the scheme would endeavour to provide high liquidity to the investors, the surplus funds will be invested to<br />
deliver reasonable returns. There can be no assurance that the investment objective of the Scheme will be realised. <strong>IDFC</strong>-FRF is an open-ended income<br />
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<br />
or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market<br />
instruments. <strong>IDFC</strong>-ASBF is an open-ended fund of funds scheme seeking to generate optimal returns with high liquidity by active management of the<br />
portfolio, by investing predominantly in debt oriented mutual fund schemes and money market instruments.<br />
Scheme specific risk of <strong>IDFC</strong>-ASBF: The Scheme will invest in a basket of 100% debt schemes. Hence the performance of the scheme would depend<br />
upon the performance of the underlying schemes. This being a <strong>Fund</strong> of <strong>Fund</strong>s scheme, the investors are bearing the recurring expenses of the<br />
underlying schemes.<br />
This document is issued by <strong>IDFC</strong> <strong>Mutual</strong> <strong>Fund</strong> (<strong>IDFC</strong>MF). It is for information purposes only. It does not constitute any offer, recommendation or<br />
solicitation to any person to enter into any transaction or adopt any hedging trading or investment strategy, nor does it constitute any prediction of<br />
likely future movements in rates or prices. You are advised to make your own independent judgment with respect to any matter contained herein.<br />
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