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.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Your bulletin for the day

MF Bulletin: MF industry adds 8 lakh new investors in November

How Cafemutual adds value to the distribution community

How Cafemutual helps MFDs grow business

‘Multi asset allocation reduces volatility and diversifies risks in overall investment portfolio’

‘Specialized Investment Fund will cover the entire risk spectrum’

Agents, CAs, doctors, lawyers; now, anyone can become a part time adviser: SEBI

MF industry to see entry of more passive funds players

SEBI proposes MITRA to reduce unclaimed amount in mutual funds

The new asset class is all set for launch

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS