IDBI NFO (New Fund Offer) named IDBI Dividend Yield Fund is being to offered from 03-Dec-2018 to 17-Dec-2018. This An open-ended equity scheme predominantly investing in dividend yielding stocks.
About IDBI NFO Offer
| Name of the Scheme | IDBI Dividend Yield Fund |
| Fund House | IDBI Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Dividend Yield Fund |
| Plans | Regular Plan and Direct Plan – Both Plans offer Growth Option and Dividend Option. Dividend Option offers a facility for payout/reinvestment/sweep of the dividend. |
| Issue Starts | 3-Dec-2018 |
| Issue Closes | 17-Dec-2018 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5000 |
| Entry Load | No |
| Exit Load | If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment – Nil. If units of the scheme are redeemed or switched out If units of the scheme are redeemed or switched out |
| Investment Manager | IDBI Asset Management Limited |
About IDBI Mutual Fund
IDBI Mutual Fund is sponsored by IDBI Bank Limited and managed by IDBI Asset Management Limited. IDBI Bank is one of India’s largest banks. This bank has 1853 branches across the country.
IDBI MF Trustee Company Limited, incorporated on 25th January 2010 under the Companies Act, 1956, is the Trustee to the IDBI Mutual Fund.
Registered & Corporate Office: IDBI Tower, WTC Complex, Cuffe parade Colaba, Mumbai – 400 005.
Website: https://www.idbimutual.co.in/
(Read: NFO: New Fund Offer of Mutual Funds)
Objectives of Scheme (IDBI NFO)
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.
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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Tags: #NFO #Mutual Fund #New Mutual Fund #IDBI NFO #New Fund Offer
