In addition to monthly & quarterly SIP, IDBI Ultra Short
Bond Fund to introduce daily SIP facility
Mumbai: IDBI Mutual Fund has
decided to introduce daily SIP facility under IDBI Ultra Short Term Fund with
effect from June 6, 2011. For daily SIP, the minimum investment per day is Rs.500 for a minimum
of 30 installments continuously for all business days.
IDBI Ultra Short Bond
Fund is an open ended debt scheme with the investment objective of providing
investors with regular income for their investment. The scheme is managed by Gautam Kaul and is benchmarked
against CRISIL Liquid Fund Index.
