IDBI Mutual Fund launches IDBI DEBT OPPORTUNITIES FUND, an open ended fund suitable for Investors who are seeking regular income & capital appreciation through active management for at least medium term horizon.
Investments would be made in CPs, CDs, NCDs and Bonds of Corporates, PSUs, Banks and Financial Institutions. The Scheme will take exposure to debt across the investment grade rating spectrum. The Scheme will not take exposure to T-Bills or Government Securities.
The scheme will have additional Tax benefit for new retail Investors u/s 80CCG of the Income Tax Act, 1961. Maturity will be 3 years from the date of allotment of units
NFO opens on 11th Feb’14 and closes on 24th February, 2014.
To know more download KIM IDBI Debt Opportunities Fund and IDBI Debt Opportunities Fund Leaflet