IDBI Mutual Fund has announced 04 April 2019 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: IDBI India Top 100 Equity Fund - Regular Plan Dividend & Direct Plan Dividend: Rs 1.50 each. IDBI Equity Advantage Fund - Regular Plan Dividend & Direct Plan Dividend: Rs 1.00 each. IDBI Diversified Equity Fund - Regular Plan Dividend & Direct Plan Dividend: Rs 1.40 each.Powered by Capital Market - Live News

IDBI Mutual Fund has announced 20 February 2019 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: IDBI Credit Risk Fund - Quarterly Dividend Option - Regular Plan: Rs. 0.2478 IDBI Credit Risk Fund - Quarterly Dividend Option - Direct Plan: Rs. 0.2670IDBI Gilt Fund - Quarterly Dividend Option - Regular Plan: Rs. 0.2688IDBI Gilt Fund - Quarterly Dividend Option - Direct Plan: Rs. 0.3128IDBI Dynamic Bond Fund - Quarterly Dividend Option - Regular Plan: Rs. 0.2554IDBI Dynamic Bond Fund - Quarterly Dividend Option - Direct Plan: Rs. 0.3587Powered by Capital Market - Live News

IDBI Mutual Fund has launched a new fund named as IDBI Healthcare Fund, an open ended equity scheme investing in healthcare and allied sectors. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 08 February 2019 to 22 February 2019. The objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies engaged in Healthcare and Allied sectors.The Scheme offers Regular Plan and Direct Plan for investment. Both Plans offer Growth Option and Dividend Option. Dividend Option offers facility for payout/ reinvestment/sweep of dividend.The scheme would allocate 80%-100% of assets in equity & equity related instruments of companies engaged in healthcare and allied sectors with high risk profile, upto 20% of assets in other equities and equity related instruments of companies engaged in other than healthcare and allied sectors with high risk profile, invest upto 20% of assets in debt and money market instruments including Mutual Fund Liquid Schemes with low to medium risk profile and invest upto 10% of asset in Units issued by Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) with medium to high risk profile. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The minimum additional purchase amount is Rs 1000 and in multiples of Re 1 thereafterThe fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Not applicableExit Load: 1% for exit within 12 months from the date of allotment for the subscriptions received during the NFO period Benchmark Index for the scheme is S&P BSE Healthcare - Total Return Index (TRI)The fund manager for the scheme is Uma Venkatraman.Powered by Capital Market - Live News

IDBI Mutual Fund has announced that Rajender has been appointed as the Head - Compliance officer and Risk Management and key personnel of IDBI Asset Management Limited, with effect from 26 December 2018. He is aged 38 years old and holds B.Com (H), LLB, MBA Finance.Powered by Capital Market - Live News

IDBI Mutual Fund has launched a new fund named as IDBI Dividend Yield Fund, an open ended equity scheme predominantly investing in dividend yielding stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 03 December to 17 December 2018. The Investment objective of the Scheme is to provide long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments. The scheme offers regular plan and direct plan for investment. Both plans offer growth option and dividend option. Dividend option offers facility for payout/ reinvestment/sweep of dividend. The scheme would allocate 65%-100% of assets in equity and equity related instruments of dividend yielding companies with high risk profile, invest upto 35% of assets would be allocated to equity and equity related instruments of dividend yielding companies with high risk profile, invest upto 35% of assets would be allocated to debt & money market instruments with low to medium risk profile and invest upto 10% of asset would be Units issued by Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) with medium to high risk profile. The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter. The minimum additional purchase amount is Rs 1000 and in multiples of Re. 1/- thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Not Applicable Exit load: If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment - Nil. If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment - 1% of the applicable NAV. If units of the scheme are redeemed or switched out after 12 months from the date of allotment - Nil Benchmark Index for the scheme is Nifty Dividend Opportunities 50 - Total Returns Index (TRI). The fund manager of the scheme is Ashish Mishra.Powered by Capital Market - Live News