MF News IDBI MF increases face value

IDBI MF increases face value

IDBI Mutual Fund increases the face value of Liquid Fund

Team Cafemutual Feb 11, 2011

Mumbai: IDBI Mutual Fund has increased the face value of IDBI Liquid Fund to Rs 1,000 per unit from Rs 10 per unit with effect from February 18, 2011.

Investor will get Daily Systematic Transfer Plan (STP) facility only for transferring units from IDBI Liquid Fund or IDBI Ultra Short Term Fund to IDBI Nifty Index Fund or IDBI Nifty Junior Index Fund

IDBI Liquid Fund is an open ended liquid scheme with the investment objective to provide investors with high level of liquidity along with regular income for their investment. The scheme is managed by Gautam Kaul. It is benchmarked against CRISIL Liquid Fund Index.

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