IDBI Mutual Fund launches IDBI Dividend Yield Fund
by
NEWS TEAM | on Dec 3, 2018
NFO period: 03rd December – 17th December, 2018
Highlights of the NFO:
Scheme type – An open ended equity scheme predominantly investing in dividend yielding stocks
Investment objective – The Investment objective of the scheme is to provide long term capital appreciation and/or dividend distribution by investing predominantly in dividend yielding equity and equity related instruments. However there can be no assurance that the investment objective under the scheme will be realized.
Product suitability – This product is suitable for investors who are seeking long term capital growth by investing in predominantly in dividend yielding equity and equity related instruments.
Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option.
Fund Managers – Mr. Ashish Mishra
Benchmark – Nifty Dividend Opportunities 50 - Total Return Index (TRI)