IDLC AML launches ‘Income Fund’
The fund is mainly for those who have reached the maximum investment limit of National Savings Certificate
IDLC Asset Management Limited (AML) recently launched IDLC Income Fund, a mutual fund, with a focus on tax rebate and investment security.
The fund is mainly for those who have reached the maximum investment limit of National Savings Certificate (NSC), read a press release.
IDLC Income Fund can save 10%-15% tax by delivering maximum tax rebate while yielding regular return.
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The fund also has lower investment risks as 40%-60% of the fund will be invested in government securities or government-backed securities sectors.
