IDBI Mutual Fund

IDBI provides mutual fund investment options. They offer schemes in equity as well as debt. The various schemes are listed below here.

List of Mutual fund Schemes:

Equity Plans:

IDBI Nifty Junior Index Fund
IDBI Nifty Index Fund
Debt Plans:
IDBI Liquid Fund
Ultra Short Term Fund

IDBI Nifty Junior Index Fund:

This scheme has both growth and dividend options. The dividend can be received directly as cash or reinvested. The face value is 10 rupees. The minimum investment is 5000 rupees and further investment is in multiples of 100 rupees. Additional purchase of 1000 rupees is allowed. Entry load is nil. The exit load is 1%, if the units are sold on or before 1 year of the allotment of the units. It is for both NFO and SIP. Moreover, it has SIP plans. Systematic investment plans allows monthly installments. The monthly options are multiples of 100 rupees for at least 12 months or multiples of 100 rupees for at least 6 months. The quarterly options are multiples of Rs. 100 per quarter for a minimum period of four quarters.

IDBI Liquid Fund:

This is a new fund offer introduced on 7th July 2010. It is an open ended liquid scheme. The units are offered at 10 rupees. Later, the cost will change according to the NAV based prices. This scheme has both growth and dividend options. The dividend options have subcategories. They are weekly, monthly and daily dividends. The entry load is not applicable. The exit load is nil. 5000 rupees is the minimum investment. SIP has monthly and quarterly options.