Wednesday, April 25, 2012

IDBI India Top 100 Equity Fund

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IDBI Mutual Fund
IDBI Mutual Fund has launched India Top 100 Equity Fund to provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market instruments. The investment universe of the scheme will be restricted to equity stocks and equity related instruments of companies that are constituents of the S&P CNX Nifty Index (Nifty 50) and the CNX Nifty Junior Indices comprising a total of 100 stocks. These two indices are collectively referred to as the CNX 100 Index. The equity portfolio will be well-diversified and actively managed to realize the Scheme objective.

The fund house aims to ramp up Rs 100 crore from investors from this offer.

NFO Opens: 25 April, 2012
NFO Closes: 9 May, 2012 (Sale / Repurchase from 22 May, 2012)
Mutual Fund Family: IDBI Asset Management Ltd.
Fund Class: Diversified Equity
Fund Type: Open-Ended
Investment plan: Growth / Dividend
Fund Manager: V. Balasubramanian
Entry Load: 0%
Exit Load: 1%
Minimum Investment: Rs 5000
Other Info: Exit Load 1% for exit (repurchase/switch-out/transfer) on or before 1 year from the date of allotment.

IDBI India Top 100 Equity Fund will provide systematic investment plan (SIP) with a monthly option of investing Rs 500 and in multiples of Rs 1 thereafter.
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1 comment:

  1. Sir I invested a big amount in single plan now i understood Systematic investment plan. I am going to separate the amount and invest in mutual fund thanks for the information.....