IDBI Mutual Fund launches IDBI Prudence Fund

Mutual Fund
Sep 22, 2016 by Advisorkhoj Team | Mutual Fund | 82 Downloaded

NFO period: 03rd October – 17th October, 2016

Highlights of the NFO:

  • Scheme type – An open ended balanced scheme

  • Investment objective – The investment objective of the scheme would be to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

  • Product suitability – The product is suitable for investors who are seeking long term capital appreciation with income by investing in equity & equity related instruments as well as debt and money market instruments.

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

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

  • Fund Managers – Mr. V. Balasubramanian (Equity Component) and Mr. Gautam Kaul (For Debt Component)

  • Benchmark – 50% S&P BSE 500 Index + 50% CRISIL Composite Bond Fund Index

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

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