IDBI Dynamic Bond Fund Launched by IDBI Mutual Fund

Tuesday, January 31, 2012

There is a new fund offer (NFO) from IDBI Mutual Fund, Mumbai Asset Management Firm known as IDBI Dynamic Bond Fund. The fund is featured with generating income while maintaining liquidity on a minimum investment of Rs 5,000. It opens from 31st January, 2012.

An online news portal about business and economy - economictimes.indiatimes.com, writes about IDBI Dynamic Bond Fund, “The scheme will invest in portfolio comprising debt instruments like government securities, PSU and corporate bonds and money market instruments.”

The news portal quotes a statement of Debasish Mallick also about IDBI Dynamic Bond Fund who is the IDBI Asset Management managing director and chief executive, “Debt is the flavour of the market. People consider debt to be the best option compared to equities which is still considered uncertain”

Further he added about IDBI Dynamic Bond Fund, “However, the asset allocation in the debt and money market instruments is not predetermined and could vary according to market conditions.”

“We want to collect a sizable corpus and allow it to grow with time,” according to the executive director B Sarath Sarma. So, IDBI Dynamic Bond Fund is a comprehensive MF to grow with time.

In the conclusion, “The open-ended debt scheme will close on February 14 and has an exit load of 1 percent if redeemed within a year. The company is aiming to collect a corpus of at least Rs 107 crore from the issue.”

IDBI Dynamic Bond Fund is an open ended debt scheme. It will lose on 14th February, 2012. The Company has targeted to collect a corpus of at least Rs. 107 crore from the Fund.

IDBI Mutual Fund is a part of IDBI Bank to invest in Mutual Fund market. IDBI Dynamic Bond Fund is the new fund from IDBI Mutual Fund. It can be compared with Any Time Money Card of Reliance Mutual Fund.
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