IDBI Mutual fund files offer document for IDBI Balanced Fund

Posted By: Religare
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IDBI Mutual fund files offer document for IDBI Balanced Fund
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The entry load is nil for the scheme but there is 1 per cent exit load on the scheme on or before 12 months from the date of allotment and exit loads are nil under the scheme.

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.

The two options are available under the Plan of the Scheme viz. growth and dividend option.

The performance of the scheme will be standardized against Crisil Balance Fund Index and V. Balasubramanian is the fund manager for scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme, the capital appreciation will be met, through investments in diversified portfolio comprising of equity & equity related instruments as well as debt and money market instruments. Hence, the scheme will allocate 40-75 per cent of assets in Equity and equity related instruments and 25-60 per cent in debt instruments (including fixed/floating rate debt instruments and securitized debt) and money market instruments

Read more about: idbi
Story first published: Monday, May 28, 2012, 9:31 [IST]
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