News Details

IDBI Mutual Fund launches IDBI Dividend Yield Fund

Dec 3, 2018 by News Team

NFO period: 03rd December – 17th December, 2018

Highlights of the NFO:

  • Scheme type – An open ended equity scheme predominantly investing in dividend yielding stocks

  • Investment objective – 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. However there can be no assurance that the investment objective under the scheme will be realized.

  • Product suitability – This product is suitable for investors who are seeking long term capital growth by investing in predominantly in dividend yielding equity and equity related instruments.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option.

  • Fund Managers – Mr. Ashish Mishra

  • Benchmark – Nifty Dividend Opportunities 50 - Total Return Index (TRI)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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