IDBI Mutual Fund launches IDBI Dividend Yield Fund

NFO period: 03^rd December – 17^th December, 2018

Highlights of the NFO:

• Scheme type – An open ended equity scheme predominantly investing in dividend yielding stocks


• Investment objective – The Investment objective of the scheme is to provide long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments. However there can be no assurance that the investment objective under the scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking long term capital growth by investing in predominantly in dividend yielding equity and equity related instruments.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option.


• Fund Managers – Mr. Ashish Mishra


• Benchmark – Nifty Dividend Opportunities 50 - Total Return Index (TRI)