IDBI Mutual Fund Launches New Funds
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IDBI Mutual Fund has launched 2 new fund offers for the investors.
- Nifty Junior Index Fund
- Ultra Short Term Fund
Type of Scheme: Open ended passively managed Equity Scheme
Scheme Objective: To invest in equities and shares which comes under the CNX Nifty Junior Index
NFO Opening Date: 02-09-2010<
NFO Closing Date: 15-09-2010
Options: Dividend and Growth. The dividend option has two choices i.e. dividend reinvestment and dividend payout.
Price of the New Fund Offer: Rs 10 /- face value
Minimum Investment: Rs 5000 and after which in multiples of Rs 100
Entry Load: NIL
Exit Load: 1% if the fund is redeemed within one year of the investment.
Fund Manager: Mr.Gautam Kaul
Investment Portfolio: 95 to 100% in CNX Nifty Junior Index.
Ultra Short Term Fund:
Type of Scheme: Open ended debt scheme
Scheme Objective: To offer regular income for the investors.
NFO Opening Date: 01-09-2010
NFO Closing Date: 02-09-2010
Price of the New Fund Offer: Rs 10 /- face value
Minimum Investment: Rs 5000 and after which in multiples of Rs 100
Entry Load: NIL
Exit Load: 0.25% if the fund is redeemed within 7 days of the investment.
Fund Manager: Mr.Gautam Kaul
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
The information contained in this website has been obtained from sources considered to be authentic and reliable. However, InvestMutualfunds.net is not responsible for any error or inaccuracy or for any losses suffered on account of information.
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