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