IDBI MF files document to launch “IDBI Gilt Fund”
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20 Apr 2012
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| IDBI Mutual Fund has filed an offered document with SEBI to launch a new open ended dedicated Gilt scheme named “IDBI Gilt Fund”. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. According to the offer document filed with SEBI, the entry load was nil, while the exit load of 0.5 per cent will be charged if redeemed within 3 months from the date of allotment or else nil. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The two options available under the scheme are Growth and Dividend Payout Option. The performance of the scheme will be standardized against ISEC Composite Index and Gautam Kaul will be Fund Manager for the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to regular income along with opportunities for capital appreciation will be met through investments in a diversified basket of central government dated securities, state government securities and treasury bills. Hence, the scheme will allocate 0 to 100 per cent of assets in government of India & state government securities and government of India treasury bills. |
Source: Dion Global Type: Mutual Fund Review
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