Highlights:
· Open-ended income scheme
· Accrual based product with focus
on interest income through buy & hold strategy
· Investment universe: Debt
including securitized debt and money market instruments across the investment
grade credit rating and maturity spectrum.
· Benchmark – Crisil Short Term
Bond Fund Index
· Options
for investment:
- Growth Option
- Dividend Option
· NFO Period: February 11, 2014 to February 24, 2014
IDBI Mutual Fund recently announced the launch of IDBI Debt
Opportunities Fund, an open ended income scheme, which is an accrual based
product with focus on generation of interest income. The fund will invest in
good quality rated corporate bonds through rigorous selection and monitoring
process. The product is suitable for investors with medium to long term
investment horizon.
The New Fund Offer
(NFO) open for subscription on February 11, 2014 and close on February 24,
2014. The units will be available at par (Rs.10/-) during the NFO and at NAV
related prices once the scheme reopens for subscription. The scheme will
re-open for continuous sale and repurchase from March 11, 2014.
The investment
objective of the scheme is to provide investors with regular income and opportunities
for capital appreciation while maintaining liquidity through active management
of a diversified portfolio comprising of debt and money market instruments
across the investment grade credit rating and maturity spectrum.
Speaking on the occasion, Mr. Debasish
Mallick, MD & Chief Executive Officer, IDBI Asset Management Ltd said “The objective of the scheme is
generation of interest income for investors. The launch has been timed to take
advantage of the expected elevation in yield at the time of initial launch. The
scheme proposes to invest in good quality rated bank and corporate papers of
various maturity and duration and adopt a buy and hold strategy as well as
benefit from opportunities that may arise on the credit curve.”
About
IDBI Asset Management Ltd.
IDBI AML (investment
manager of IDBI Mutual Fund) is a subsidiary of IDBI Bank Ltd. IDBI Mutual Fund
is sponsored by IDBI Bank Ltd. The Fund House holds a strong presence in the
country through its branches and distributor network, including IDBI Bank
Ltd.’s 1228 branches. IDBI Mutual Fund’s mission is to promote financial
inclusion by assisting the common man in making informed investment choices
through mutual funds and thus bring to him, the prosperity of the capital
markets. The Trustee company to IDBI Mutual Fund is IDBI MF Trustee Co. Ltd.
Please visit www.idbimutual.co.in for further details.
For further details,
please contact:
Annapoorni
Adfactors PR
Tel No: 044 28297497
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