Thursday, September 2, 2010

IDBI Nifty Junior Index Fund (G)

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IDBI Nifty Junior Index Fund, is an open-ended passively managed equity scheme tracking the CNX Nifty Junior Index. The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty Junior Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the scheme.

Issue Opens: 02-Sep-2010
Issue Closes: 15-Sep-2010
Mutual Fund Family: IDBI Asset Management Ltd.
Fund Class: Equity Index
Fund Type: Open-Ended
Investment plan: Growth
Fund Manager: Gautam Kaul
Entry Load: 0.00%
Exit Load: 1.00%
Minimum investment: Rs. 5000
Other Info: Exit Load: 1% for exit (Repurchase / Switch-out / SWP / STP) on or before 1 year from the date of allotment.
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