IDBI Mutual Fund new issue closes on 22nd March
IDBI Mutual Fund has launched IDBI Short Term Bond Fund, an open-ended income scheme.
The objective of the scheme will be to provide investors with regular income for their investment. The scheme will endeavour to achieve this objective through an allocation of the investment corpus in a diversified portfolio of debt and money market instruments.
The new issue closes on 22nd March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Gautam Kaul is the fund manager.
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