Change in Name and Asset Allocation-IDBI Debt Opportunities Fund

Mutual Fund
Sep 27, 2016 by IDBI Mutual Fund | Mutual Fund | 6 Downloaded

Unitholders of IDBI Debt Opportunities Fund are requested to note that it has been decided to change the Scheme Name and Asset Allocation Pattern of IDBI Debt Opportunities Fund ("Scheme") effective from 28-Oct-2016 ("Effective Date"). This revision is to enable more space for corporate bonds in asset allocation. The revision has been approved by Board of Directors of lDBl Asset Management Limited (AMC) and Board of Directors of IDBI MF Trustee Company Limited. Further, Securities and Exchange Board of India (SEBI) has informed the AMC that they have no objection to the revision in fundamental attribute of the scheme. The Existing and Proposed scheme name and Asset allocation pattern is as below:

Change to the Name and Asset Allocation Pattern of lDBl Debt Opportunities Fund

All references to the above revision will be suitably incorporated in Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Scheme. Apart from the above revisions, all other features and attributes of the lDBl Debt Opportunities Fund will continue to remain the same. All unitholders are requested to note that the above proposed revision in the Scheme Name and Asset Allocation Pattern will come into effect from 28-Oct-2016 (Effective Date). The revision in asset allocation constitutes a change in the Fundamental Attribute of the IDBI Debt Opportunities Fund, in line with requirements under Regulation 18 (15(A)) of SEBI (Mutual Funds) Regulations, 1996.

An individual letter has been issued to all unitholders informing aforesaid revision and providing an option to exit the scheme without any charge of Exit Load within 30 (Thirty) days commencing from 28-Sep-2016 till 27-Oct-2016 at prevailing Net Asset Value before the change becomes effective i.e. on or before 27-Oct-2016.

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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