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25 May 2012 02:58 PM
IDBI Mutual Fund files offer document for IDBI Balanced Fund 
Team Cafemutual
 

IDBI Mutual Fund has filed an offer document with SEBI to launch IDBI Balanced Fund, an open ended balanced scheme.

The investment objective of the scheme is to generate opportunities for capital appreciation along with income by investing in a diversified portfolio comprising of equity & equity related instruments as well as debt and money market instruments.

The scheme will invest a minimum of 40% of total assets in equity and equity related instruments and a maximum of 60% in debt instruments (including fixed/floating rate debt instruments and securitized debt) and money market instruments. However, investment in securitized debt will not exceed 10% of the net assets of the scheme.

The scheme will offer a growth plan and dividend plan. The dividend plan offers a choice of payout, reinvestment and sweep. The benchmark for the scheme will be CRISIL Balance Fund Index.

The fund managers will be V. Balasubramanian for the equity component and Gautam Kaul for the debt component.

 
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