IDBI Mutual Fund (MF) announced the launch of an open-ended gilt fund- IDBI Gilt Fund. The new fund offer opened on December 5 and closes on December 17, 2012.
Investment Objective Scheme:
It is to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of central government securities, state government securities, treasury bills and similar other instruments.
Minimum Investment: Rs. 5,000,
Minimum SIP (systematic investment plan) amount: Rs. 500.
The fund has been benchmarked to CRISIL Gilt Index.
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