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| Debasish Mallick, MD |
The NFO opened for subscription from April 25, 2012. And invest up to May 9, 2012.
The scheme would invest in about 25 to 30 stocks from the CNX 100 universe.
Mr. Debasish Mallick, MD & CEO, IDBI Asset Management said , “The fund will invest in stocks that have a good track record of consistent profitability, dividend payment and it should be liquid stocks. Current market offers good valuation and macro-economic scenario is looking better. We expect growth of 7.5% in 2012-13 & 8.5% for 2013-14”
IDBI Mutual Fund company hopes to mop up capital in excess of Rs. 100 crore.
Mr. V. Balasubramanian, VP & Fund Manager, IDBI Asset Management said, “We will follow bottoms-up approach and when things improve will use top-down approach. On fund allocation to particular sectors, the scheme would invest in banking & finance, auto ancillary, FMCG and pharmaceutical stocks. We may also look at infrastructure stocks following some positive signals in the budget, but will stay away from realty stocks for time being"
Corporate Office:
IDBI Mutual Fund, 5th Floor, Mafatlal Centre,
Nariman Point, Mumbai- 400021
Tel No.: (+91 22) 6644 2800 Fax No.: (+91 22) 6644 2801
Tollfree: 1800-22-4324 sms: IDBIMF to 09220092200
e-mail: contactus@idbimutual.co.in
http://idbimutual.co.in/
City: Chennai
Address: IDBI Asset Management Ltd.,
No: 6/11, Pattery Square,
1st floor, Balfour Road,
Kellys Kilpauk, - 600 010
Phone: 044-65552320
Fax: 044-43456110
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