The Credit Opportunities Fund opens for subscription on February 14 and closes on February 27. It will reopen for continuous sale and repurchase from March 6.
"The company hopes to mop-up Rs 300-500 crore during the NFO period of the Credit Opportunities Fund," IDFC AMC Chief Executive Vishal Kapoor told reporters here.
"The fund house, with Rs 61,239 crore of average AUM as on January-end, has fixed income AUM at around Rs 48,000 crore as of now. The balance AUM is in equity," he said.
The fund will also emphasise on collaterals/covenants where it believes it is required, a company statement said.
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